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The Difference between GAAP and IFRS
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YouTubeWolvesAndFinance
The Difference between GAAP and IFRS
ZACH DE GREGORIO, CPA www.WolvesAndFinance.com First you need to understand what these things are. GAAP and IFRS are accounting standards. GAAP stands for Generally Accepted Accounting Principles which is the accounting framework used in the United States. IFRS stands for International Financial Reporting Standards which is the accounting ...
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Generally Accepted Accounting Principles Basics
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