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Differences between the two accounting systems

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Question - In this assignment compare U.S. GAAP vs. IFRS for investments. Identify the topic assignment from the table above - Investments. For the topic assigned, identify the source IAS or IFRS number for the International topics and the FASB Accounting Codification number(s) for the US GAAP where appropriate.

Describe the main differences between the two accounting systems

Explain in your opinion, which is "better", which is more principles- or rules- based, and any proposed updates in the area.

Reference no: EM132935297

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