ACC 421 Week 1 Assignment, US GAPP Versus IRFS
Reviewing an annual report is no easy task especially if you have no prior knowledge of the accounting terms. Understanding GAAP and the IFRS will assist you with a better understanding of the terms used in accounting and how to apply them. It is important to know the difference between the two in order to accurately do business locally and internationally. The first step should be to make sure you have a full understanding of the company you are investing in. As an investor, it is important to research if material guidelines should be quantified or not………..