There are unique and specific accounting standards that are applicable to companies across the world. The term GAAP stands for Generally Accepted Accounting Principles. Each country has GAAP defined as per its set rules and&hellip

There are unique and specific accounting standards that are applicable to companies across the world. The term GAAP stands for Generally Accepted Accounting Principles. Each country has GAAP defined as per its set rules and&hellip
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