Bruising = injury: Bruising is the visible sign of underlying bleeding. In the foot, this could be bony bleeding from a fracture, or soft tissue bleeding from a ligament or muscle. An orthopaedic evaluation and likely X-rays is warranted to make the diagnosis and be sure you do not do any further damage. ...Read more.
What are 'International Financial Reporting Standards - IFRS'. International Financial Reporting Standards (IFRS) are a set of international accounting standards stating how particular types of transactions and other events should be reported in financial statements.
GAAP is considered a more ârules basedâ system of accounting, while IFRS is more âprinciples based.â The U.S. Securities and Exchange Commission is looking to switch to IFRS by 2015. What follows is an overview of the differences between the accounting frameworks used by GAAP and IFRS. This is at a broad, framework level; differences in accounting treatments for individual cases may also be added as this gets updated.