ACC 616 TOPIC 5 DQ 1

Choose an IFRS, IAS, IFRIC, or SIC, other than revenue recognition, and locate the related standard in the FASB Codification. What are the differences between the two standards? What are the similarities? In replying to your classmates, indicate how close you think those particular standards are to convergence. You may need to do some additional research for current information. If you do, make sure you cite your source.