Our Journal is Added in

    

Qualis Capes / BRAZIL as B3

Article Details ::
Article Name :
GAAP VERSUS IFRS: AN IMPACT ON FINANCIAL STATEMENT
Author Name :
Kewal singh
Publisher :
Ashok Yakkaldevi
Article Series No. :
ROR-2204
Article :
Author Profile
Abstract :
GAAP is the rule based, whereas IFRS is Principle based. With a principle based framework there is the potential for different interpretations of similar transactions, which could lead to extensive disclosures in the financial statements. GAAP is the methodology used to access an Accounting treatment. Under GAAP, the research is more focused on the literature whereas under IFRS the review of the facts pattern is more thorough.
Keywords :
 
Copyright � 2011 : www.lbp.world , Email Us at :ayisrj2011@gmail.com to publish your journal.