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Unformatted text preview: from the English law, the American accounting standards have been considered as one of the best among the various existing sets of accounting standards. The adoption of the International Financial Reporting Standards (IFRS) is a good idea because it would be compatible with all accounting practices and acceptable to investors as well as traders and corporations. But this system has been structured from the English perspectives and is not similar to the Canadian GAAP or the American GAAP. The difference comes in the form of separate treatment of items like depreciation and appropriation of profits....
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This note was uploaded on 01/14/2012 for the course ECON 121 taught by Professor Mcdevitt during the Winter '10 term at UCLA.
- Winter '10