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.
1 Inventory â Under IFRS, LIFO (a historical method of recording the value of inventory, a firm records the last units purchased as the first units sold) cannot be used while under U.S. GAAP, companies have the choice between LIFO and FIFO (is a common method for recording the value of inventory).y the end of the â90s, the two predominant standards were the U.S. GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards).