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Discussion board 1. Financial Statements are challenging to understand thoroughly, once you dig into the details. The imposition of two sets of reporting standards just
Discussion board
1. Financial Statements are challenging to understand thoroughly, once you dig into the details. The imposition of two sets of reporting standards just makes it all the more difficult. U.S. GAAP is so detailed and specific with so many "rules" about how to report things under different specific circumstances. The U.S. should just drop GAAP and join the rest of the planet with IFRS to eliminate this source of confusion.
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