# IFRS vs GAAP

*Professional & Ethics — Finicade finance glossary*

The two main accounting rulebooks — international (IFRS) and US (GAAP). They mostly agree, but their differences can move reported profits, so cross-border comparisons need care.

**Related terms:** [Financial Statements](https://finicade.com/glossary/financial-statements), [Accrual Accounting](https://finicade.com/glossary/accrual-accounting), [Disclosure](https://finicade.com/glossary/disclosure)

**Taught in:** Charter Climb — Statements & the Reporting System

Source: https://finicade.com/glossary/ifrs-vs-gaap