When Comparing Ifrs And Gaap, What Are Some Overall Key Differences I

1.	When Comparing Ifrs And Gaap, What Are Some Overall Key Differences I Should Be Aware Of?
Answer» The biggest difference is that IFRS provides fewer DETAILED RULES than U.S. GAAP. IFRS also CONTAINS limited industry-specific guidance. The biggest difference is that IFRS provides fewer detailed rules than U.S. GAAP. IFRS also contains limited industry-specific guidance.

When Comparing Ifrs And Gaap, What Are Some Overall Key Differences I Should Be Aware Of?

Answer»

The biggest difference is that IFRS provides fewer DETAILED RULES than U.S. GAAP. IFRS also CONTAINS limited industry-specific guidance.

The biggest difference is that IFRS provides fewer detailed rules than U.S. GAAP. IFRS also contains limited industry-specific guidance.