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Information × Registration Number 2117U001486, Article popup.category Стаття Title popup.author popup.publication 01-01-2017 popup.source_user Сумський державний університет popup.source http://essuir.sumdu.edu.ua/handle/123456789/61742 popup.publisher Sumy State University Description The paper presents a critical analysis of the needs for, reasonableness, and status of the convergence of U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). Differences between IFRS and US GAAP are examined. The authors’ conclusion is that it is both timely and necessary to converge and harmonize IFRS and U.S. GAAP into a single set of Global Accounting Standards. This will lead to a more stabilized and prosperous world economy and it will help to resolve many of the world’s financial reporting problems. popup.nrat_date 2025-03-24 Close