assignmentcafe.com – . Explain the importance of U.S. GAAP to the development of a capitalistic economy./2022

assignmentcafe.com –

Describe the purpose of U.S. generally accepted accounting principles (U.S. GAAP) and the benefits that these rules provide.

 

 . Explain the importance of U.S. GAAP to the development of a capitalistic economy.

 

 . Understand the role played by the Financial Accounting Standards Board (FASB) in the ongoing evolution of U.S. GAAP. 

 

. Discuss the advantages and the possibility of switching from U.S. GAAP to International Financial Reporting Standards (IFRS).