Which standards do you think is more logic, IFRS or GAAP ?

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Is standard costing allowable in GAAP and IFRS?
Posted by:
Shameer Nazir Madari
22-June-2016

Accounting IFRS GAAP

Question added by Mohammad Ashi CFA CMA , Group Finance Manager , QOAD
Date Posted: 2016/02/20

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1 Answers

Ahmad Alhusainy

by Ahmad Alhusainy , consulting , Self-employed

IFRS are more logical, it is principle based, there are quite difference between them like IFRS ban LIFO, and it is allowed in GAAP for example.

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