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US GAAP vs IFRSDESCRIPTION
US GAAP vs IFRS. Sunday, November 30, 2008. GAAPs effect in the United States. United States Generally Accepted Accounting Principles. In the United States, companies currently use Generally Accepted Accounting Principles GAAP. These accounting principles are rule-based and follow very strict guidelines when preparing financial statements. The rules that are contained in GAAP are created by the Financial Accounting Standards Board FASB. The FASB is the main authority when it comes to GAAP. FASAC Fi.CONTENT
This web page enl308jeff.blogspot.com states the following, "Sunday, November 30, 2008." We saw that the webpage said " GAAPs effect in the United States." It also said " United States Generally Accepted Accounting Principles. In the United States, companies currently use Generally Accepted Accounting Principles GAAP. These accounting principles are rule-based and follow very strict guidelines when preparing financial statements. The rules that are contained in GAAP are created by the Financial Accounting Standards Board FASB. The FASB is the main authority when it comes to GAAP."