Question
Explain the basis for discrepancies in financial reporting between methods of accounting for U.S. GAAP and IFRS (international financial reporting). Illustrate with examples by
Explain the basis for discrepancies in financial reporting between methods of accounting for U.S. GAAP and IFRS (international financial reporting). Illustrate with examples by considering at least two items as to how such rule-based and principle-based financial reporting differ.
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Accounting for Non-Accounting Students
Authors: John R. Dyson
8th Edition
273722972, 978-0273722977
