Description
Book SynopsisA practical comparison ofand expert guidance onIFRS and GAAP written by a practicing controller International Financial Reporting Standards (IFRS) are used in over 120 countries. US companies will inevitably encounter IFRS when evaluating the financial health of suppliers and customers. IFRS and US GAAP: A Comprehensive Comparison provides instruction in accounting under IFRS within the context of US accounting standards. Practical and easy-to-use, this book includes a case study of a first time IFRS adoption, emphasizing the much greater degree of professional judgment that is needed for IFRS.
- Provides a heavy emphasis on practical examples
- Includes an online companion website with downloadable spreadsheets and templates
- Reflects current financial reporting trends
- Addresses accounting requirements of which today''s auditors, accountants and preparers of financial reports need to be aware
Clarifying IFRS, its impac
Table of Contents
About the Author vii
Introduction ix
1 Standard Setting 1
2 The Framework 5
3 Property, Plant, and Equipment 13
4 Inventory 19
5 Provisions and Contingencies 25
6 Intangible Assets 35
7 Share-Based Compensation 39
8 Financial Instruments 45
9 Leases 59
10 Revenue 69
11 Income Taxes 111
12 Investments in Subsidiaries 129
13 Postretirement Benefits 171
14 Impairments 189
Index 203
