Distinguish between the US (FASB) accounting standards and global accounting standards (IFRS) developed by the...
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Accounting
- Distinguish between the US (FASB) accounting standards and global accounting standards (IFRS) developed by the IASB.
- If there are contradictions between the conceptual framework and an accounting standard, which one of those you would suggest to apply in the preparation of financial statements.
- Discuss what benefits international accounting standards offer for the preparers and users of financial reports.
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