Intellicast.com: The Authority in Expert Weather Peoria, Arizona weather conditions and forecast (85382). Today's Peoria, Arizona weather report: current observations, hourly forecast, 10-day forecast calendar and chart. Intellicast.com The Authority in Expert Weather Weather Emails Alerts Hurricanes Help
The major conceptual difference between US GAAP and IFRS; is that US GAAP is rules based and IFRS is principles based. This means that IFRS will not include the detail that the United States is used to in providing guidelines.
FASB, and the IASB have been working over the years to remove the differences between GAAP and IFRS. In order to put this article in its proper perspective, the push to move toward IFRS, means focusing on the areas that need resolution. As has been stated, the United States is scheduled to begin adopting IFRS in 2015.