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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Describe the most significant differences between U.S. GAAP and IFRS.
•   Although U.S. GAAP and IFRS are similar in many respects, significant differences still exist.
•   U.S. GAAP are much more detailed.
•   The FASB has issued many more standards than has the IASB.
•   IFRS requires more disclosures in the notes to the financial statements.
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A-12                                                                                            Appendix  A          International Financial Reporting Standards
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