Financial Accounting Standards: GAP vs. IFRS | The Learning Lab | Online Manipal

Navigate the complex world of financial accounting standards with this illuminating YouTube video. GAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards) are two major frameworks used globally, and understanding their differences is crucial for accounting professionals and students alike. Join us as we break down the key concepts of GAP and IFRS, providing clarity on their application in financial reporting.