Explain the term generally accepted accounting practice (GAAP). Is there just one GAAP which is accepted worldwide?

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Explain the term "generally accepted accounting practice" (GAAP). Is there just one GAAP which is accepted worldwide? If not, why not?

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International Financial Reporting

ISBN: 9781292293127

7th Edition

Authors: Alan Melville

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Question Posted: Jan 16, 2023 04:24 AM

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Explain the term generally accepted accounting practice (GAAP). Is there just one GAAP which is accepted worldwide?

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Generally accepted accounting principles GAAP are a set of guidelines and standards for finan...View the full answer

International Financial Reporting

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