Briefly discuss the difference between (a) a rules-based approach to accounting standard setting and (b) a principles-

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Briefly discuss the difference between
(a) a “rules-based” approach to accounting standard setting and
(b) a “principles- based” approach to accounting standard setting.

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Financial And Managerial Accounting

ISBN: 9781337119207

14th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: May 07, 2012 07:21 AM

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Briefly discuss the difference between (a) a rules-based approach to accounting standard setting and (b) a principles-

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a US GAAP is considered to be a rulesbased approach to accounting stan...View the full answer

Financial And Managerial Accounting

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