A company’s financial statements consist of the balance sheet, income statement, and statement of cash flows. The topic this week is the difference between GAAP and IFRS. Choose the financial statement that you consider most important to a business leader in Saudi Arabia. Search the internet for an academic or industry-related article. Select an article that relates to your financial statement choice and the differences between GAAP and IFRS.
For your discussion post, your first step is to summarize the article in two paragraphs describing what you think are the most important points made by the authors (remember to cite the information, as appropriate). For the second step, include the reference listing with a hyperlink to the article. Please note, do not copy the article into your post and limit your summary to two paragraphs. Let me know if you have any questions. Enjoy your search.