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US GAAP used to allow you to classify currently maturing long-term debt as a non-current liability if certain conditions were met. IFRS did not allow
US GAAP used to allow you to classify currently maturing long-term debt as a non-current liability if certain conditions were met. IFRS did not allow this but had stricter rules for classifying currently maturing long-term debt as non-current. What do you think about the change of US GAAP to conform to IFRS in this regard?
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Frequently accepted accounting principles GAAP refer to a common set of accounting principles standa...
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Intermediate Accounting
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
11th edition
978-0538467087, 9781111781262, 538467088, 1111781265, 978-0324659139
