Honestly, American accounting standards (GAP) seem to very rooted in what amounts to Austrian Economics. Everything is about that point of sale and you can't just go about re-valuing it without selling it.
Economic Liberalism really does seem to be the core of American prosperity, and you can see how IFERS (Europe's Accounting Standards) have been doing everything in the universe to completely fuck themselves up.
Honestly, American accounting standards (GAP) seem to very rooted in what amounts to Austrian Economics. Everything is about that point of sale and you can't just go about re-valuing it without selling it.
Economic Liberalism really does seem to be the core of American prosperity, and you can see how IFERS (Europe's Accounting Standards) have been doing everything in the universe to completely fuck themselves up.