Looking for a tiny bit of help on a topic I have never studied.
I have to write a report on the topic on Accounting Standards, mainly between IFRS and US-GAAP. I can't seem to find a solid answer for what may be a very simple question.
If a company reported their financial statements both under IFRS and US - GAAP for a given year, would the end figure in the balance sheets be different or the same.
If anyone can help, I would be most thankful.
I have to write a report on the topic on Accounting Standards, mainly between IFRS and US-GAAP. I can't seem to find a solid answer for what may be a very simple question.
If a company reported their financial statements both under IFRS and US - GAAP for a given year, would the end figure in the balance sheets be different or the same.
If anyone can help, I would be most thankful.