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Which standards do you think is more logic, IFRS or GAAP ?

Accounting IFRS GAAP
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Question added by Mohammad Ashi CFA CMA , Group Finance Manager , QOAD
Date Posted: 2016/02/20
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Ahmad Alhusainy
by Ahmad Alhusainy , Customer Service , National Bank Of Kuwait - Nbk

IFRS are more logical, it is principle based, there are quite difference between them like IFRS ban LIFO, and it is allowed in GAAP for example. 

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