Compare the Difference Between Similar Terms

Difference Between

Home /Archives for IFRS

Difference Between IFRS and AASB

August 21, 2014Posted byAdmin

Difference Between IFRS and AASB

IFRS vs AASB An accounting standard can be defined as a set of rules and procedures that need to be followed in preparing financial statements at the end of a financial year. This article evaluates the purposes and the importance of AASB accounting body and IFRS standards that are linked with the international accounting […]

Filed Under:AccountingTagged With:AASB,AASB accounting standards,AASB and IFRS,Australian Accounting Standards,Australian Accounting Standards Board,IFRS,IFRS accounting standards,IFRS and AASB,IFRS definition,International Financial Reporting Standards

Difference Between Accounting Policies and Accounting Estimates

October 15, 2011Posted byAdmin

Accounting Policies vs Accounting Estimates The preparation of a company’s financial statements is of great importance in determining the firm’s financial stability and in understanding the firm’s ability to operate in the future without facing liquidity issues. Financial statements of the firm which include profit and loss, balance sheet and cash flow statements require […]

Filed Under:AccountingTagged With:accounting estimates,accounting estimates vs,accounting policies,accounting policies vs,Financial reporting,IFRS,International Financial Reporting Standards,preparation of financial statements

Difference Between Liability and Provision

August 19, 2011Posted byOlivia

Liability vs Provision Liability and provision are accounting terms that are spread all over financial statements on the obligation side of the statement. While liability and provision are differentiated on some accounts in some countries, accountants in some other countries treat them as same and make no differentiation. This article attempts to resolve this dichotomy […]

Filed Under:AccountingTagged With:cash outflow,IFRS,liability,obligation,provision,US GAAP

Difference Between GAAP and IASB

June 16, 2011Posted byOlivia

GAAP vs IASB With increase in international trade 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 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,Impairment,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

  • 1
  • 2
  • Next Page »

Request Article

Featured Posts

Difference Between Coronavirus and Cold Symptoms

Difference Between Coronavirus and Cold Symptoms

Difference Between Coronavirus and SARS

Difference Between Coronavirus and SARS

Difference Between Coronavirus and Influenza

Difference Between Coronavirus and Influenza

Difference Between Coronavirus and Covid 19

Difference Between Coronavirus and Covid 19

You May Like

Difference Between Love and Romance

Difference Between Sodium Cyanide and Potassium Cyanide

Difference Between Sodium Cyanide and Potassium Cyanide

Difference Between GET and POST Method in PHP

Difference Between GET and POST Method in PHP

Difference Between Piles and Fistula

Difference Between Piles and Fistula

Difference Between Cnidarian and Platyhelminthes

Difference Between Cnidarian and Platyhelminthes

Latest Posts

  • What is the Difference Between Induction Cooker and Normal Cooker
  • What is the Difference Between Vitiligo and Psoriasis
  • 松质和Cort的区别是什么ical Bone
  • What is the Difference Between Electric and Induction Cooktop
  • What is the Difference Between Prevention and Cure
  • What is the Difference Between DSM IV and DSM V Autism
  • Home
  • Vacancies
  • About
  • Request Article
  • Contact Us

Copyright © 2010-2018Difference Between. All rights reserved.Terms of Useand Privacy Policy:Legal.