Week 2: The Accounting Profession

Published by Brenda I. Belcher

Apr 4, 2021

s

Please note that this is just a preview of a school assignment posted on our website by one of our clients. If you need assistance with this question too, please click on the Submit Your Instructions at the bottom of the page to get started.

Week 2: The Accounting Profession

While this course is self-directed, it is important that you work on course assignments regularly to keep from falling behind and leaving the majority of the coursework until the end of the term. The Interactive Unit(s) that pertain to this week are, Unit 1: The Accounting Profession. You also participate in a Discussion related to the differences between GAAP and IFRS.


Learning Resources

Required Readings

Interactive Units

Laureate Education. (2019). ACCT 1004S: Accounting Fundamentals [Lecture Notes]. Retrieved from Laureate Education, Inc.: https://class.waldenu.eduInteractive Unit 1: The Accounting Profession


Discussion: Discuss the Differences Between GAAP and IFRS

Accountants are responsible for following standards, conventions, and rules in order to ensure ethical accounting in their day-to-day practices. However, the rules in the United States vary from those followed in other countries. The United States uses what is called U.S. GAAP. “GAAP” stands for Generally Accepted Accounting Principles. Most of the rest of the world uses what is called International Financial Reporting Standards known simply as “IFRS.” The United States is in the process of either converting or converging U.S. GAAP with IFRS.

To complete this Discussion:

  1. Using your preferred search engine (such as Google), enter one or more of the following keywords:
    • IFRS
    • U.S. GAAP conversion
    • U.S. GAAP convergence
    • U.S. GAAP v. IFRS
  2. Using what you’ve learned in the interactive course content along with the results of your Internet keyword search, focus on and deeply explore the differences between GAAP and IFRS. Consider not only written articles, but also video lecture search results, which you can find by doing your keyword search on YouTube.com. Be sure to critically evaluate the sources that you encounter in your Internet search. Are they reliable? Are they current?
  3. Post an initial response along with responses to others’ posts, following the directions shown below

By Day 5

Post a response of at least 150 words in which you discuss the differences between GAAP and IFRS. As you write your post, consider the following:

  • What are implications of the differences in these two different financial reporting systems?
  • What are two benefits and two challenges with each?

By Day 7

Post one response to a classmate’s post or to an Instructor follow-up post. As you write your response, consider doing the following:

  • Ask a probing question based on something your classmate said.
  • Share an insight from having read the posting.
  • Offer and support an opinion.
  • Validate an idea with your own experience.
  • Make a suggestion.
  • Expand on your classmate’s posting.

Your response post should be a minimum of 150 words.

Submission and Grading Information

Grading Criteria

To access your rubric:Week 2 Discussion Rubric

Post by Day 5 and Respond by Day 7

To participate in this Discussion:Week 2 Discussion


Week in Review

This week, you continued completing Interactive Units. You also participate in a Discussion related to the differences between GAAP and IFRS.

In the next week, you will continue working on the Interactive Units.

n

Need Writing Help? Our writing specialists are here 24/7, every day of the year, ready to support you! Instantly chat with an online tutor below or click here to submit your paper instructions to the writing team.

[jetpack-related-posts]

More than just an assignment.

GET THE GRADES YOU DESERVE | A OR A- GUARANTEED
NO MORE SLEEPLESS NIGHTS DOING RESEARCH
NO MORE LATE POINTS DEDUCTIONS 
GET A QUALITY PAPER SENT TO YOUR EMAIL
GET GOOD GRADES ON YOUR ASSIGNMENTS
Explore Now →

Who is this homework service for?

* If you are having a really hard class and want to get through it, then this is for you.

* If you have a medical emergency or someone close to you has a medical emergency and you don’t think you’ll be able to turn your assignment on time, this is definitely a service you could use.

* You can use us if you are having a tough Professor who won’t give you the grades you deserve.

* If you have a tight work schedule and you are getting points deducted for not submitting assignments on time.

* English might not be your first language and you feel like you are being left behind in class because of it.

* If you have a large project coming up and don’t think you have enough time to get it done well, definitely reach out to us.

TALK TO SUPPORT
{

Super stoked you are checking us out! We would like to help you with your assignment. We just need a few things from you:

* The full assignment instructions as they appear on your school account.

* If a Rubric is present, make sure to attach it.

* Any relevant weekly readings or learning resources.

* Include any special announcements or emails you might have gotten from your Professor regarding your assignment.

* Any templates or additional files required to complete the assignment.

If your assignment is somewhat complex and you need to explain it, please don’t hesitate to reach out to me via live chat. 

 

FAQ

Frequently asked questions

How soon can I get my paper done?
It depends with your deadline. If you need your paper completed in 3 hours, we will deliver it in that time. All you need to do is indicate your deadline in our custom order page here. Alternatively, if you are sending us your instructions via email, please be sure to indicate your deadline.
Will it be completely original? I don't want to be caught in a case of Academic Integrity Violation.

We are as paranoid as you are. Maybe even more! And we understand that the greatest sin you can commit in your academic journey is plagiarizing your academic work. To that end, we have made sure that we check and double-check our papers using high quality plagiarism detection tools such as SafeAssign and Turnitin before submitting the paper to you.

Who is my writer? Is he/she a native English Speaker?

All our writers are native English Speakers. That is not to say that ESL writers are not good, we just prefer hiring native writers because we want the very best people working on your paper. This might mean paying a little bit more for your paper as opposed to when you pay a foreign company whose writers are non-native English Speakers.

What if I need revisions? Will your charge additional for this?

Of course not! If you do happen to require a revision on your paper, our team will handle it for you free of charge. Matter of fact, we won’t rest till you are happy with your paper. So, ask for as many revisions as you need, it’s completely FREE!

Will you give me my money back if I don't like my paper?

We have very few instances where we delivered a paper that a client didn’t fall in love with. But if it so happens that you don’t like your paper for any reason whatsoever, we’ll refund your money back no questions asked.

I have more assignments after this, can you help me with those too?

Of course! And what’s even better is that we can reserve a writer permanently to work on your entire class. This comes in handy for projects which build up on each other and where you need just one writer, one writing style.

I got my order information wrong, can I change that?

Yes you can. Just reach out to our support team via email (support@essaynook.com) or live chat here and they’ll help you change the instructions.

Can I place an order via email instead of going through the order page?

Yes you can. Email Anna at anna@essaynook.com, she’s in charge of our sales team. Alternatively, you can talk to our Live Chat team here and request to speak to Anna.

Trusted by Thousands of Students

Delivering quality assignments since 2007