Select any principle, rule, term, or general aspect that differs under U.S. Generally Accepted Accounting
Select any principle, rule, term, or general aspect that differs under U.S. Generally Accepted Accounting
Principles (U.S. GAAP) and International Financial Reporting Standards (IFRS), also known as “i-GAAP”, and explain this difference. Also please provide your thoughts on the potential implications of this difference, specifically regarding how it might affect the process of financial reporting or the content of a company’s financial statements.