Evaluate the basic philosophy for the requirements specified for first-time adoption of IFRS.
-Examine the impact of the current IFRS proposal for leases referred to as the “right of use” on liabilities and operating income for companies. Next, state the corresponding implications on tax deferred assets and global tax planning. Analyze how the “receivable and residual” method will transform reporting requirements for lessors reporting under IFRS. Next, describe […]