The United States Doesn't Mandate Using the IFRS

question 8

Short Answer

The United States doesn't mandate using the IFRS.Instead, the United States has the _____, which issues standards known as generally accepted accounting principles (GAAP).

---

Definitions:

Sustainable Advantages

Sustainable advantages are competitive edges that a company can maintain over its competitors for a long period, often derived from unique resources, capabilities, or market position that are difficult to replicate.

Competencies

Refers to the abilities and skills that enable an organization or individual to perform effectively.

Marketing Activities

Actions or tactics utilized by a business to promote its products or services, these can include advertising, content marketing, social media campaigns, and more.

Marketing Plan

A comprehensive document or blueprint detailing a business's marketing strategies, efforts, and campaigns for a particular period.