How is the term provision used differently under IFRS than under U.S. GAAP?

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How is the term “provision” used differently under IFRS than under U.S. GAAP?

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Financial And Managerial Accounting

ISBN: 9781337119207

14th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: May 07, 2012 07:11 AM

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How is the term provision used differently under IFRS than under U.S. GAAP?

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Under US practice the term provision usually den...View the full answer

Financial And Managerial Accounting

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