Accounting Principles
Budget: $30 – $250 USD
Research and write how the difference between IFRS and GAAP has evolved since the video (The Difference between GAAP and IFRS) was produced in 2018. Identify the main differences and provide an analysis as to why these differences exist and why it is necessary to continually update both accounting standards. Here is a Youtube video produced in 2019 that will provide you with a great starting point: