GAAP refers to Generally Accepted Accounting Principles. These are guidelines or set of rules for financial accounting and reporting, encompassing conventions, traditions and procedures followed in accounting industry.
Over a period of time need arises to develop International Accounting Standards as accounting standards vary from country to country. As a result of this International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) are developed which can be accepted by more than single country.
World GAAP Info provides accounting standards and principles, published by Accounting Standard Board/Committee of various countries and International Accounting Standard Board. It helps users to find Generally Accepted Accounting Principles for particular country as well as International Accounting Standard. That means all at one place.
At World GAAP Info, we have tried to consolidate major accounting principles applicable worldwide which can be useful for students and accounting professionals. |
 |
|
|
 |