Regulations & Compliance

what are the main accounts we need to recalculate for GAAP to IFRS translation in terms of financial reporting?

general knowledge for financial statement translation from GAAP to IFRS.

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  1. 74 Answers

    Hi there this question is not one that I can answer in this forum. GAAP is rule-based and IFRS is based on principals. There are specific details, interpretations, and differences depending on the business type and structure. I would recommend viewing a tutorial, or managerial accounting lessons. There are many on YouTube where professors will walk you through GAAP tp IFRS conversions. This is a topic that you will need to read, as the differences need to be explained and conceptualized.

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