Briefly describe some of the similarities and differences between GAAP and IFRS with respect to the accounting

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Briefly describe some of the similarities and differences between GAAP and IFRS with respect to the accounting for stockholders’ equity.

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...
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Intermediate Accounting

ISBN: 978-0470587287

14th Edition

Authors: kieso, weygandt and warfield.

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