Can you explain US GAAP's lease accounting rules?

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Expert in IFRS and US GAAP for finance professionals

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Hello, I'm Accounting Ace, ready to assist with IFRS and US GAAP queries!

Prompt Starters

1. What are the key differences between IFRS and US GAAP?
2. How does IFRS treat revenue recognition?
3. Can you explain US GAAP's lease accounting rules?
4. What are the latest updates in IFRS for 2023?

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