I need a 1 – 2 page report on the following and then the attached impact analysis chart completed for only parts IAS2, IAS16 & IFRS13. Please do not choose this if you do not understand what needs to be accomplished or cannot meet the deadline!
For IBM (International Business Machines Corporation), compare and contrast the following pronouncements and the current GAAP standards:
- Inventory costing method (IAS2)
- Valuation of the property plant and equipment (IAS16)
- Fair value measurement standards (IFRS 13)
Explain any necessary updates to the financial statements based on your understanding of the new IFRS.