We'll discuss GAAP vs. IFRS, when and why each is used, and the differences between them in this article. Image source: Getty Images. GAAP, which stands for generally accepted accounting ...

There are differences between how the U.S. Generally Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFRS) treat unusual or infrequent income or expense ...

The International Financial Reporting Standards (IFRS) system—the most common international ... The generally accepted accounting principles (GAAP) system is the rules-based accounting method ...

Many companies choose to also report their own non-GAAP financials. What is the difference between the two? Let's go over GAAP vs. non-GAAP and what you should do if a company reports both.

Watchara Piriyaputtanapun / Getty Images There are differences between how the U.S. Generally Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFRS ...