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GAAP stands for Generally Accepted accounting principles, to be followed in preparation and presentation of Financial statements. Different country's have different GAAP such as US GAAP, Indian GAPP. Generally GAPP comprises of country specific accounting standards (set up by the accounting standard board) Laws, rules and regulations followed in that country. Hence the interpretations of financial results makes difficult for different users of financial statements as it lacks uniqueness and uniformity in drawing the financial statements based on various GAAPs. For example the profitability is different for a financial statement drawn under US GAAP and Indian GAAP.
IFRS is framed to bring uniformity and uniqueness in preparation/presentation of financial reporting statements across the globe ie to provide a single set of principles in drawing the financial statements under the governance of IASB. Under IASB discussion were initiated to bring this standard in use for drawing the financial reports with different countries and as a result most of the countries have decided to converge with the IFRS Standard.
IFRS avoids the differences under various GAAPS. In fact IFRS a global GAAP rather than country/Region specific GAAP. More over GAAP is rule based but IFRS is principle based standards.