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.
The method selected must remain consistent. Under IFRS, paragraph 23 of IAS 2, certain inventory items are required to use a separate and unique costing method. Convergence. Accounting bodies in the U.S. and elsewhere have expressed a desire to converge accounting rules between the IFRS and GAAP.