GAAP is a standard that records required to comply. A frequently used definition is taken from the legislative history of the Swedish Accounting: “an actual business practice of a qualitatively representative circuit records required.” What is the generally accepted accounting principles may vary between different industries and depending on their size. Management can be found in laws that Act and Bookkeeping […]
Continue reading…
IFRS
Rules for accounting
The basis of all accounting is that it should be in accordance with generally accepted accounting principles. This means that based on the laws that apply the accounting standards issued by the standard setting organizations that exist in the accounting field.
Continue reading…
IFRS
IFRS or International Financial Reporting Standards is an international framework which is then 2005 be applied by all Swedish companies listed on stock exchange. Regulatory framework is also used by other companies which are subsidiaries of listed companies in Sweden or abroad or by companies that want a quality of its accounting records that are comparable with listed […]
Continue reading…