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Difference Between IASB and FASB

June 21, 2011Posted byOlivia

IASB vs FASB Before moving ahead, it would be pertinent to know the full forms of IASB and FASB. IASB is an acronym that stands for International Accounting Standards Board whereas FASB refers to Financial Accounting Standards Board. The two boards are international bodies that have been trying to evolve uniform financial accounting standards applicable […]

Filed Under:AccountingTagged With:Accounting Standards,APB,CAP,FASB,Financial Accounting Standards Board,Financial reporting,GAAP,IASB,IASC,International Accounting Standards Board

Difference Between GAAP and IASB

June 16, 2011Posted byOlivia

公认会计准则与国际会计准则委员会与国际贸易的增加and also the size of companies operating in a number of countries, it became imperative for the world to have a uniform accounting standard applicable on all countries. This initiative was taken by International Accounting Standard Board (IASB) to set a framework of guidelines, known as GAAP, […]

Filed Under:AccountingTagged With:GAAP,Generally Acceptable Accounting Principles,IASB,IFRS,International Accounting Standard Board

Difference Between GAAP and GAAS

June 16, 2011Posted byOlivia

GAAP vs GAAS Cultural differences and evolution of different accounting principles in different parts of the world have meant that in this age of globalization, it is difficult to make a fair assessment of a company’s performance that is situated in a different country from yours. To bridge the gap between accounting principles of various […]

Filed Under:AccountingTagged With:Accounting Principles,GAAP,GAAS,公认会计原则s,Generally Accepted Auditing Standards

Difference Between China GAAP and US GAAP

April 30, 2011Posted byOlivia

China GAAP vs US GAAP Though basic principles of accounting remain the same the world over, region specific cultural influences and centuries old practices of accountants tend to make minor differences in the manner in which accounts are kept in a particular country. It is the intention of International Financial Reporting Standards (IFRS) to have […]

Filed Under:AccountingTagged With:China GAAP,GAAP,IFRS,US GAAP,US GAAP vs China GAAP

Difference Between IFRS and Canadian GAAP

February 17, 2011Posted byOlivia

IFRS vs Canadian GAAP IFRS and Canadian GAAP are two accounting standards, the first is an international standard while the other is applicable to businesses in Canada only. To make accounting uniform so that the results of financial statements are more transparent and nearly similar in different parts of the world, International Accounting Standards Board (IASB) […]

Filed Under:Accounting,FinanceTagged With:Canadian GAAP,Financial statements,GAAP,IAS and IFRS,IASB,IASC and IASB,IFRS,障碍,International Accounting Standards Board,International Financial Reporting Standards,Revaluations

Difference Between IAS and IFRS

January 25, 2011Posted byAdmin

Difference Between IAS and IFRS

IAS vs IFRS As IAS and IFRS are standards in the accounting practice that one adheres to in financial reporting, it is important to know the difference between IAS and IFRS. There was a need in the 1960’s to standardize accounting processes and reporting in order for practically anyone to understand the financial statements of […]

Filed Under:AccountingTagged With:Accounting Standards,Financial reporting,GAAP,GAAP-US,IAS,IAS and IFRS,ias definition,IASB,IASC,IFRS,IFRS definition,International Accounting Standards,International Financial Reporting Standards

Difference Between Management Accountant and Chartered Accountant

January 25, 2011Posted byOlivia

Management Accountant vs Chartered Accountant Management Accountant and Chartered Accountant are both from the same profession but the scope of their job differs. The word chartered accountant has become very commonplace and majority of the people are aware of the fact that he is a person qualified to work in the fields of business and […]

Filed Under:Accounting,ProfessionsTagged With:Accounting Standards,Chartered Accountant,Chartered Accounting,Financial statements,GAAP,IAS,IFRS,Management Accountant,Management accounting,Management decisions

Difference Between GAAP and IFRS

January 19, 2011Posted 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 […]

Filed Under:AccountingTagged With:Accountants,Accounting Principles,Accounting Standards,Chartered Accountants,FASB,Financial Regulations,Financial reporting,financial statement,GAAP,GAPP,IAS,IASC,ICAI,IFRS,Indian GAAP,US GAAP

Difference Between GAAP and IAS

January 19, 2011Posted 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 […]

Filed Under:AccountingTagged With:Accountants,Accounting Principles,Accounting Standards,Chartered Accountants,European GAAP,FASB,financial statement,GAAP,GAPP,IAS,IASC,ICAI,IFRS,Indian GAAP,US GAAP

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