Based on inventory accounting, differences between U.S. GAAP and IFRS continue to exist.  As per the following case (read below)  -What are the differences and are they simply a difference between pri

Based on inventory accounting, differences between U.S. GAAP and IFRS continue to exist. 

As per the following case (read below) 

-What are the differences and are they simply a difference between principles-based and rules-based financial reporting standards? 

Case 4-1 Bessrawl Corporation

*Instructions

- at least 200 words, formatted and cited in proper APA style with support from at least 2 academic sources.