GAAP vs IFRS
Our group will be analyzing the differences between IFRS (International Financial Reporting Standards) and GAAP (Generally Accepted Accounting Principles). The reason these differences are important is because GAAP is used by US based companies while IFRS is used by most other developed nations. The governing bodies of GAAP and IFRS are tying to combine their standards in order to create a simpler, more streamlined standard that is in use globally. This combination will affect every US-based business and needs to be analyzed, which is what we hope to do.
ACTG 499, Senior Capstone
Frank Paliotta
Banquet Room
9 – 11 AM