How does IFRS differ from U.S. GAAP with regard to the derecognition of financial assets?
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How does IFRS differ from U.S. GAAP with regard to the derecognition of financial assets?
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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When financial assets are transferred US GAAP focuses on whether control has been surrende...View the full answer
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Related Book For 
Intermediate Accounting Reporting and Analysis
ISBN: 978-1337788281
3rd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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