Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. GAAP is used by accountants in the United States. IFRS is used by many ...

Nicolas Pologeorgis has 24+ years of experience in academic consulting. He has held administrative and faculty positions in various institutions. GAAP is rules-based; IFRS is principles-based. U.S.