Why is revenue recognition a good example of the contrasting approaches of IFRS and U.S. GAAP to

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Why is revenue recognition a good example of the contrasting approaches of IFRS and U.S. GAAP to level of detail? Why might this situation change?

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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