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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 […]
Posted byAndrew
Indian GAAP vs US GAAP Accounting is an important part of every enterprise, be it small or big. Where ever in the world one trades accounting has to be proper and according to the guidelines set by the government of that place. Basic principles of accounting are same everywhere but there are some differences in […]