US-GAAP v. IFRS: US Generally Accepted Accounting Principles contrasted with International Financial Reporting Standards

  • Rule based system
  • Extraordinary income items presented separately
  • LIFO inventory permissible
  • Development costs expensed
  • Principles based system
  • Extraordinary income not separated
  • No LIFO inventory
  • Development cost capitalization possible

Write Off Apps

App for Entrepreneurs to Learn Tax Savings, Structure Right, & Grow Their Business with an Easy Game. A player chooses a character and plays each round against an opponent answering questions and learning on how to structure a business right, pay less tax, and more along the way. It is a fun and interactive way to learn all you need fast!

Free Cheat Sheet

Free Cheat Sheet

Subscribe for your free Cheat Sheet and to start your Know Your Numbers Journey

« Back to Glossary Index