Regulations For Switching From Gaap To Ifrs

Essay specific features

 

Issue:

Business

 

Written by:

Kendrick N

 

Date added:

April 25, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1105

 

Was viewed:

930 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...
displayed 300 characters

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