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Financial Accounting

C/F/555. Comparison of US GAAP with IFRS: Case Study of Vodafone Group plc

WORDS:
2500
DATE:
2009
PRICE:
29.99 GBP

The paper analyses the financial report for the year ended March 31, 2007 of Vodafone Group Plc examining the differences between two standards of accounting, i.e. IFRS and reconciliation to US GAAP, used in the report. Comparison is carried out concerning revenue recognition and derecognition, measurement, disclosure and presentation of financial statements. The usefulness of each framework is evaluated.

 

KEYWORDS: International Financial Reporting Standards, IFRS, US Generally Accepted Accounting Principles, US GAAP, Vodafone,

 
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