how-does-knowledge-of-both-gaap-and-ifrs-benefit-a-financial-accountant-working-

Question

How does knowledge of both GAAP and IFRS benefit a financial accountant working in a global company?

Accepted Answer

It allows the accountant to prepare financial statements that comply with both domestic and international regulations.

Answer

It eliminates the need for understanding local tax laws.

Answer

It ensures that the accountant can work only in the US.

Answer

It simplifies the process of managerial decision-making.