There are two dominant systems of accounting used by corporations around the world. In the U.S., companies use the generally accepted accounting principles, or GAAP, while international companies use ...

GAAP reports in detailed, precise formats; IFRS allows flexible, principle-based reporting. GAAP does not permit asset value recovery post-impairment; IFRS allows revaluation. IFRS does not mandate ...

Barter exchange takes place when an individual or a business entity provides a good or service and receives a good or service in return rather than receiving cash or another monetary instrument.

Dassault is based in France, so i t report s in euros and uses International Financial Reporting Standards (IFRS). Just as U.S. companies issue non-GAAP numbers in order to better represent trends in ...