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IFRS 4-1: Compare and contrast the rules regarding revenue recognition under IFRS versus GAAP

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IFRS 4-1: Compare and contrast the rules regarding revenue recognition under IFRS versus GAAP
Answered Same Day Dec 24, 2021

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Robert answered on Dec 24 2021
109 Votes
IFRS 4-1: Compare and contrast the rules regarding revenue recognition under
IFRS versus GAAP
GAAP allows special rules with regard to software services. But it does not allow
ooking all the revenues upfront for extended period of service. Whereas IFRS
allows for the recognition of upfront...
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