GAAP

IFRS are International Financial Reporting Standards. Recently, the SEC dropped their requirement of preparing a reconciliation from IFRS to US GAAP. This article explores the good and the bad that came with the action.

This graduate level research paper explores the dollar value impact of pension expenses when US GAAP is compared to IFRS.

This article discusses the implications of U.S. convergence of its GAAP with International Financial Reporting Standards and the implications of the SEC's ruling to accept financial statements that are not United States GAAP.

The following is an explanation of the difference between an income statement prepared using accrual based accounting prepared or "GAPP" and the income statement prepared using the "cash" method for tax purposes.