About this document
GAAP vs IFRS: Key Differences Explained by Malini Rajashekaran is a document available to read on EtoBox.
Generally accepted accounting principles (GAAP) are standards used by accountants to prepare financial statements, combining authoritative rules for recording and reporting financial information to improve clarity. International Financial Reporting Standards (IFRS) also provide common global rules issued by the International Accounting Standards Board to make statements consistent, transparent and comparable worldwide. While GAAP is more rules-based, IFRS is more principles-based and leaves more room for in
- Author
- Malini Rajashekaran
- Language
- EN