Question

difference between GAAP and IFRS​

Answer 1

Answer:

The primary difference between the two systems is that GAAP is rules-based and IFRS is principles-based. This disconnect manifests itself in specific details and interpretations. Basically, IFRS guidelines provide much less overall detail than GAAP

Explanation:

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Answer 2

Explanation:

GAAP :GAAP is rules-based

IFRS :IFRS is principles-based