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7. Differences between US GAAP v. IFRS (See Exhibit 11.8: Very Important) a. What is the difference between a Principles-based and a rules-based approach
7. Differences between US GAAP v. IFRS (See Exhibit 11.8: Very Important) a. What is the difference between a Principles-based and a rules-based approach to standard setting? Generally speaking, which one does US GAAP follow? IFRS? Which one do you prefer? (Note: you'll have to research this one).
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
