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GAAP & IFRS
REPORTING

What is GAAP & IFRS

Accounting?

Manufacturing Success

GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards) are standards that are set up to ensure that your business prepares useful financial statements for end users like banks, investors, business owners, etc..

Both of these frameworks focus on ensuring consistency, transparency, and comparability in financial reporting.

The Benefits of GAAP & IFRS Accounting

Manuf. For
Image by Scott Graham

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