Discuss rules based standards and principals based, Financial Management

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Discuss rules based standards and principals based

Discuss rules based standards and principals based standards. Describe similarities and differences that exist between these standards. Discuss FASB and IFRS as related to these standards. If the standards are not compatible, what is the compromise standard that the U.S. and the remainder of the world trying to achieve?

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Financial Management: Discuss rules based standards and principals based

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Financial Management: Discuss rules based standards and principals based

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