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  • Gaap & Iasb Gaap & Iasb Discussion Points: Aida Zahwa EK Class

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    Umi MiftahulJanah
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    GAAP and IFRS are the two main sets of accounting standards used in the world. GAAP stands for Generally Accepted Accounting Principles used in the United States, while IFRS stands for International Financial Reporting Standards set by the IASB. Some key differences between GAAP and IFRS include their standards for valuation methods, treatment of extraordinary items and fair value of assets.

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    GAAP IASB

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    GAAP and IFRS are the two main sets of accounting standards used in the world. GAAP stands for Generally Accepted Accounting Principles used in the United States, while IFRS stands for International Financial Reporting Standards set by the IASB. Some key differences between GAAP and IFRS include their standards for valuation methods, treatment of extraordinary items and fair value of assets.

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    3 views1 page

    Gaap & Iasb Gaap & Iasb Discussion Points: Aida Zahwa EK Class

    Uploaded by

    Umi MiftahulJanah
    GAAP and IFRS are the two main sets of accounting standards used in the world. GAAP stands for Generally Accepted Accounting Principles used in the United States, while IFRS stands for International Financial Reporting Standards set by the IASB. Some key differences between GAAP and IFRS include their standards for valuation methods, treatment of extraordinary items and fair value of assets.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 1

    SSION 4

    NNTS
    GAAP 3
    AP & IASB 2 GAAP GAAP
    IFRS
    S
    & Type GAAP
    GAAP stands for IFRSIFRS &
    stands for
    IASB 1. Valuation
    Generally 1
    FIFO, LIFO and
    Accepted FIFO and
    International
    Aida
    IASBZahwaMethod
    ensive
    Average
    Accounting AverageIASB
    Financial Reporting
    EK Class 2. Financial Principles Standards
    Extraordinary Post Comperhensive
    een Statements Income
    IASB
    3. Asset Value Historical Value Fair Value
    Aida
    Aida Zahwa
    Zahwa IASB stands for
    EK
    EK Class
    Class International Aida Zahwa
    Accounting EK Class
    Standards Board

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