Posts By Ann R

Difference between GAAP and ASPE

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Generally Accepted Accounting Principles, also abbreviated as GAAP are guidelines and accounting principles used by most companies based in the US. These foundational principles usually help the owners of small businesses in the US to&hellip

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Difference between GAAP and FASB

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When a brand of new accounting standards were set by IASB, several countries adopted these standards before they fit in their country’s accounting standards. In turn, these standards as set by the particular accounting standard&hellip

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Difference between Gaap And Accrual

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Accrual accounting In the accrual system of accounting, revenue is recorded after the completion of specified work and not when cash is received. This means that revenue is recorded when earned even though the customer&hellip

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Difference between CIMA and ACMA

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The significance of management accounting has in the past few decades increased since it offers crucial information which is crucial for purposes of decision making. Management accounting plays a crucial role in the success of&hellip

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