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Acc 290 – Comparing Ifrs to Gaap Comparing IFRS to GAAP Jessica LopezACC 290May 2, 2016Lori HainesComparing IFRS to GAAP As global business expand those with monetary obligations ought to be knowledgeable in the two essential bookkeeping strategies: GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards). The Financial Accounting Standards Board set.