Regulations For Switching From Gaap To Ifrs
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Written by:
Kendrick N
Date added:
April 25, 2015
Level:
University
Grade:
A
No of pages / words:
4 / 1105
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699 times
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Essay content:
There are numerous strengths in switching to the IFRS system of accounting in America, but there are also minor weaknesses. To better understand how these strengths benefit America and outweigh the slight weakness, it is important to comprehend the GAAP’s influence. Only then can it be said that deregulation in accounting systems is truly needed...
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To better understand how these strengths benefit America and outweigh the slight weakness, it is important to comprehend the GAAP’s influence. Only then can it be said that deregulation in accounting systems is truly needed.
In 1973 the Financial Accounting Standards Board (FASB) was created to establish standards of financial accounting and reporting...
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