Briefly discuss the difference between (a) a rules-based approach to accounting standard setting and (b) a principles-
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(a) a “rules-based” approach to accounting standard setting and
(b) a “principles- based” approach to accounting standard setting.
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a US GAAP is considered to be a rulesbased approach to accounting stan...View the full answer
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Related Book For
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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