Journal of Accountancy. "No More Extraordinary Items: FASB Simplifies GAAP." KPMG. "Income Statement Presentation: IFRS Compared to US GAAP." ...

The SEC, or Securities and Exchange Commission, is an independent government agency responsible for ensuring the integrity of the capital markets in the United States. Although GAAP and IFRS have ...

GAAP rules report infrequent transactions on the income statement or disclose them in the financial statement footnotes. IFRS ...