What is a major difference between iGAAP and U.S. GAAP as regards revenue recognition practices?
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What is a major difference between iGAAP and U.S. GAAP as regards revenue recognition practices?
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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The general concepts and principles used for revenue recognition are similar between US GAAP ...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
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