Describe how to handle each with IFRS and U.S. GAAP, and provide a minimum of 2 examples of issues surrounding the first time adoption of IFRS.

Describe how to handle each with IFRS and U.S. GAAP, and provide a minimum of 2 examples of issues surrounding the first time adoption of IFRS.

                   Inventories (IAS 2)

                       Expense recognition

                       Restructuring

                       Costs included in inventory

                  Property, plant, and equipment (IAS 16)

                       Cost elements

                       Cost measurements

                       Depreciation (component)

                  Investments (IAS 40)

                       Fair value model (FVM) versus cost model

                   Borrowing costs (IAS 23)

                   Intangible assets (IAS 38)

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