Question

Provision for doubtful debts - accounting treatment under IFRS and GAAP. Is there a difference between GAAP and IFRS?

Answer 1

Generally, there is no difference between treatment in either. IFRS has derived the treatment of such provision from the GAAP framework. I stand to be corrected, however, from my understanding, this is the case.

Answer 2

Check this

http://***.accountantanswer.***/1/general-provision-for-doubtful-debts?show=1#q1