OM DENNE EPISODE
In this video, we'll perform a beginners dive deep into the world of accounting and explore IFRS versus GAAP. We'll cover 10 things you should know about the differences between International Financial Reporting Standards (IFRS) which is a set of accounting standards used globally, and Generally Accepted Accounting Principles (GAAP) is specific to the United States
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#IFRS #accounting #GAAP #GAAPaccounting #IFRSaccounting #stockmarket #stock #stocksforbeginners #investing #valueinvesting
(Recorded June 5, 2023)
❖ MUSIC ❖
♪ "Lift"
Artist: Andy Hu
License: Creative Commons Attribution 3.0
➢ https://creativecommons.org/licenses/by/3.0/legalcode
➢ https://www.youtube.com/watch?v=sQCuf...
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00:00 Introduction
00:38 #10 Global vs US focus
01:09 #9 Principles vs Rules Based Approach
01:45 #8 Accounting Standards Setting Bodies
02:23 #7 Reporting Format
02:55 #6 Valuing Inventory
03:25 #5 Research and Development (R&D)
03:57 #4 Fair Value Measurement
04:32 #3 Leasing Standards
04:59 #2 Revenue Recognition
05:27 BONUS
06:07 #1 Disclosure Requirements
