Business Insider India3 年
IFRS: The accounting framework that sets the rules for most non-US companies' financial ...
While IFRS is commonplace for international companies, the US uses a different set of standards, called generally accepted accounting principles (GAAP), which is established by the Financial ...
When and Why Were GAAP First Established?
Take a deeper look into the development and purpose of the generally accepted accounting principles, also known as GAAP, which are used for financial reporting.