European companies rely

Name: European companies rely
Brand: Quizplus
Rating: 4.8 (53 reviews)

Question

Quizplus · Accepted Answer

European companies tend to rely more on fair values than U.S. companies, as they have generally adopted International Financial Reporting Standards (IFRS) which emphasize fair value measurements in financial reporting. In contrast, U.S. companies tend to rely more on historical cost measurements, although this has been changing in recent years with the adoption of new accounting standards that incorporate more fair value measurements.

European Companies Rely