There are differences between how the U.S. Generally Accepted Accounting Principles (GAAP) and the International Financial ...

GAAP and IFRS are the two major standards used worldwide ... Revenues should be recognized on the income statement in the period they are realized and earned—not necessarily when the cash ...

GAAP standards ... markets in the United States. While GAAP accounting covers the entirety of the accounting process from paying an invoice to creating financial statements, non-GAAP accounting ...