IFRS Vs. GAAP Revenue Recognition?

Answer The Financial Accounting Standards Board sets U.S. generally accepted accounting principles, or GAAP, while the International Accounting Standards Board sets the international financial reporting s... Read More »

Top Q&A For: IFRS Vs. GAAP Revenue Recognition

Revenue Recognition & Accounting Concepts?

Almost all accounting is done on either a cash basis or an accrual basis. Cash-basis accounting means that revenues and expenses are recorded on the accounts whenever cash or cash equivalents are e... Read More »

What is GAAP accounting?

GAAP is an acronym for Generally Accepted Accounting Principles. These are principles developed for companies to make their financial statements conform with authoritative standards and procedures.... Read More »

What are gaap&tax accounting?

Generally Accepted Accounting Principles (GAAP accounting) and tax accounting are two methods used to measure financial information. Each method is used for a different purpose and many companies ... Read More »

The Differences Between the US GAAP & IAS?

Accounting standards exist to compel companies to fairly and accurately report financial performance. Still, having an internationally uniform system has proven difficult, and differences in standa... Read More »