Weekly tasks or assignments (Individual or Group Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.Choose a company from the SEC Web site for your Key Assignment to evaluate for the impact of convergence to IFRS.1,000–1,200 wordsReview the financial reports and notes of the company you have chosen from the EDGAR Web site. Using this company as your point of reference, provide general information on the following questions:1,000–1,200 wordsFor this assignment, use the company you have chosen from the EDGAR Web site as your point of reference. After the reporting period has ended, you could potentially encounter other events that will have impacts on your company (IAS 10). Create an overview of considerations regarding income taxes that the company may encounter. A key area of contention between IFRS and U.S. GAAP lies in the classification and measurement of leases. Give your opinion on the U.S. moving into IFRS.
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