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GAAP vs. IFRS

GAAP (Generally Accepted Accounting Principles) is the accounting standard used in the United States, while IFRS (International Financial Reporting Standards) is the accounting standard used in over 110 countries around the world. GAAP is considered a more “rules based” system of accounting, while IFRS is more “principles based”.
Tuesday, April 11, 2017/Author: Moe Harrison /Number of views (16313)/Comments (0)/ Article rating: 4.9
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