Accounting Most important differences in financial reporting(GAAP & IFRS) 1- Shareholder orientation 2- Fairness 3- Conservatism and acc The difference in financial reporting between (GAAP & IFRS) in each point below: 1- Shareholder orientation 2- Fairness 3- Conservatism accruals 4- Uniformity, accounting plans and formats 5- Consolidated accounts 6-Deferred taxation Note: copy & paste is not allowed read the question carefully and answer it based on what i wrote above.

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A major difference between GAAP and IFRS is that GAAP is rulebased whereas IFRS is principlebased St... View the full answer