GAAP reports in detailed, precise formats; IFRS allows flexible, principle-based reporting. GAAP does not permit asset value recovery post-impairment; IFRS allows revaluation. IFRS does not mandate ...

There are two dominant systems of accounting used by corporations around the world. In the U.S., companies use the generally accepted accounting principles, or GAAP, while international companies use ...

Imagine you are planning to explore many countries, each with different customs, language, food and culture. While the destinations may vary, a common understanding of certain rules and etiquette ...

This one day symposium describes on Implementing International Financial Reporting Standards (IFRS) worth 8 CPE Credits in Accounting. Event Topics Include: • An Overview of IFRS, including a brief ...

The formal convergence project between FASB and IASB began in 2002, marked by a Memorandum of Understanding outlining their ...

Most of the world is now reporting under International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB). The last of the developed countries to ...