GAAP: provides very detailed, industry-specific guidance on revenue recognition, compared to the general guidance...
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Accounting
GAAP: provides very detailed, industryspecific guidance on revenue recognition, compared to the general guidance provided by IFRS. allows revenue to be recognized when a customer makes an order. requires that revenue not be recognized until cash is received. provides only general guidance on revenue recognition, compared to the detailed guidance provided by IFRS. 
GAAP:
provides very detailed, industryspecific guidance on revenue recognition, compared to the general guidance provided by
IFRS.
allows revenue to be recognized when a customer makes an order.
requires that revenue not be recognized until cash is received.
provides only general guidance on revenue recognition, compared to the detailed guidance provided by IFRS.
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