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Thread: Stocks surge after Fed's new move
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[quote=MARRIE,276449]euro countries and Canada accounting principals, I think, are more strict /conservative than US GAAP in terms of how to book expense/capitalization, inventory(lifo, fifo), method of amortization, reserve of doubtful A/R (accounts receivable), etc. (you know, GARY, A/R is one of the key benchmark of co. liquidity). Accounting is not so exciting as financing, however financing /investment have to refer to acct report /data. Yes, manipulating the way of booking is always happening but GAAP itself encourages manipulation within the scope of GAAP as long as not going too far beyond it.[/quote]
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