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Be prepared: New accounting standards are fast approaching
November / December 2010
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 549
Abstract: Since 2008, the United States has been slowly moving closer to adopting International Financial Reporting Standards (IFRS). Transitioning to IFRS from U.S. Generally Accepted Accounting Principles (GAAP), seen by most experts as inevitable, could have significant consequences. This article discusses the differences between GAAP and IFRS and explains how they pertain to real estate companies.