Briefly describe some of the similarities and differences between U.S. GAAP and iGAAP with respect to income
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Briefly describe some of the similarities and differences between U.S. GAAP and iGAAP with respect to income tax accounting.
GAAPGenerally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...
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Both iGAAP and US GAAP use the asset and liability approach for recording deferred tax assets In gen...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
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