accounting project.docx - 1 Similarities They put the financing cost apart from all other expense They put the earning per share section in the income

accounting project.docx - 1 Similarities They put the...

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1. Similarities: They put the financing cost apart from all other expense. They put the earning per share section in the income statement. Difference: The format of the title is different with the IFRS. They make cost of products sold as an expense, it should be differentiate. They don’t calculate gross profit. They don’t categorize the expense, the expense should be categorized to selling expense, administrative expense, other income and expenses, and finance expense. They don’t show the income from operation and income from non-operation. Earning attributable to noncontrolling interest should be included in the statement. Then
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