Provide an overview of Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). What are the main differences and similarities?
Find an article describing a U.S. company’s transition from GAAP to IFRS. How can an Enterprise Resource Planning (ERP) system help ease the transition for business companies?
How an ERP can help companies to report their financials under IFRS and at the same time reporting for local tax purposes under GAAP?
Please write a 6-page APA formatted paper that addresses the questions above. Please also include at least six peer-reviewed references/sources.
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