Explain in general terms how the accounting for valuation


Question: Answer each of the following related to international accounting standards.

a. Explain (in general terms) how the accounting for recognition of receivables is different between IFRS and U.S. GAAP.

b. Explain (in general terms) how the accounting for valuation of receivables is different between IFRS and U.S. GAAP.

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Accounting Basics: Explain in general terms how the accounting for valuation
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