Explain the primary difference between U.S. GAAP and IFRS with regard to the accounting and reporting of property, plant, and equipment.

Explain the primary difference between U.S. GAAP and IFRS with regard to the accounting and reporting of property, plant, and equipment.

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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Related Book For  answer-question

Intermediate Accounting

ISBN: 978-0324659139

11th edition

Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones

Posted Date: December 09, 2013 08:50:08