• Register
Search Questions / Answers

Welcome to AccountantAnswer Forum, where you can ask questions and receive answers. Although you need not be a member to ask questions or provide answers, we invite you to register an account and be a member of our community for mutual help. You can register with your email or with facebook login in few seconds

Get AccountantAnswer App

Provision for doubtful debts - accounting treatment under IFRS and GAAP. Is there a difference between GAAP and IFRS?
in General Accounting Discussion by

2 Answers

0 votes
Generally, there is no difference between treatment in either. IFRS has derived the treatment of such provision from the GAAP framework. I stand to be corrected, however, from my understanding, this is the case.
0 votes
Check this