أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
GAAP = generally accepted accounting principles
IFRS = international financial reporting standards
they both work as a guide for accountants, while the IFRS is globally known and GAAP is mostly known and applied american companies.
With minor differences regarding recorded expenses and some assets.
