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Home Q & A Board Other Fields Homework Help Business Accounting
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harra harra
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6 years ago
One of the differences between IFRS and ASPE is that:
A) ASPE is used mostly in Europe.
B) IFRS uses accrual accounting; ASPE uses cash-basis accounting.
C) IFRS uses cash-basis accounting; ASPE uses accrual accounting.
D) to record amortization, IFRS uses the word depreciation; ASPE allows both depreciation and amortization to be used.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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HanoiHanoi
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6 years ago
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harra Author
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#2
6 years ago
Very timely, excellent answer
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