Compare the Difference Between Similar Terms
Difference Between
Posted byOlivia
CA vs CPA CA and CPA are common designations of accountants. People having these certifications belong to the same category of professionals, having the expertise to look after books in a business and to prepare financial statements. A small business can avail the services of a person having knowledge of accounts without having any certification, […]
Posted byAndrew
GAAP vs IFRS GAAP vs IFRS GAAP and IFRS are two of the accounting rules and guidelines that regulate the financial reporting standard. All over the world, different procedures for computing financial results of companies are being observed which are known as their versions of GAAP or local GAAP. This is nothing but generally accepted […]
Posted byOlivia
GAAP vs IAS To talk about differences between GAAP and IAS, we first need to have an understanding of the two concepts. For a layman, GAAP refers to General Accepted Accounting Principles that are a framework within which financial statements of any company are prepared, summarized and analyzed. They reflect the standards, rules and conventions […]