GAAP Compared to IFRS Tends to Be More

question 102

Multiple Choice

GAAP compared to IFRS tends to be more

• A) simple in accounting requirements.
• B) rules-based.
• C) principles-based.
• D) simple in disclosures requirements.

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Definitions:

Conservation Era

The earliest stage of the environmental movement, which focused on the preservation of “wilderness” areas.

Mainstream Environmentalism

Beginning in the 1970s, the third stage of the environmental movement; characterized by enhanced organization, improved promotional campaigns and political tactics, and an increased reliance on economic and scientific expertise.

Grassroots Environmentalism

An environmental movement that starts at the local level with individuals or small groups advocating for environmental protection and changes in environmental policy.

Sustainable Development

Development that meets the needs of the present without compromising the ability of future generations to meet their own needs, emphasizing a balance between economic growth, environmental protection, and social equity.