IFRS rules for revenue recognition and measurement are much more voluminous and detailed than those contained in U.S.GAAP.

Name: IFRS rules for revenue recognition and measurement are much more voluminous and detailed than those contained in U.S.GAAP.
Brand: Quizplus
Rating: 4.7 (49 reviews)

Question

Quizplus · Accepted Answer

U.S. GAAP has historically been considered more detailed and prescriptive in the area of revenue recognition compared to IFRS, which tends to be more principle-based and less voluminous.

IFRS Rules for Revenue Recognition and Measurement Are Much More