IFRS vs. U.S. GAAP: Key Differences in Accounting Standards

Explore the major differences between IFRS and U.S. GAAP, including inventory write-downs, intangible assets, and accounting ...
The Motley Fool

Understanding the Differences Between GAAP and IFRS

GAAP reports in detailed, precise formats; IFRS allows flexible, principle-based reporting. GAAP does not permit asset value recovery post-impairment; IFRS allows revaluation. IFRS does not mandate ...
Investment U

What are Generally Accepted Accounting Principles (GAAP)?

When a public company issues a financial statement, everything needs to be clear and well-understood by everyone reading it. To ensure this, it’s paramount to have a baseline for reporting. That’s ...
Houston Chronicle

Three Advantages to an End User of Using IFRS Accounting With Financial Statements

Accounting professionals are accustomed to complying with accounting standards. Generally accepted accounting standards set the guidelines for reporting financial transactions in the United States.
American Enterprise Institute

Allowing U.S. and EU Corporations to Adopt U.S. Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS)

April 30, 2007 was an important day for U.S. investors. On that day, President George W. Bush, German Chancellor Angela Merkel, and European Commission President José Manuel Barroso agreed to “promote ...
Computerworld

New global accounting standard will require IT conversion

CIOs have a new acronym to learn — and fast: IFRS. U.S. companies are facing big changes in how they handle financial reporting, with the expected adoption of new accounting rules known as the ...
Accounting Today

SEC Issues Final Rules on IFRS Reconciliation

The Securities and Exchange Commission has issued a final rule on accepting financial statements prepared by foreign companies in accordance with International Financial Reporting Standards without ...

How Should a Change in Accounting Principles Be Recorded and Reported?

Learn about changes in accounting principles and why businesses make them, as well as the reporting and recording ...
Accounting Today

KPMG Sets up IFRS Institute

KPMG has established an IFRS Institute to address the needs of companies, investors and academics affected by the transition to International Financial Reporting Standards. The goal is to help foster ...
TechRepublic

What Are Generally Accepted Accounting Principles (GAAP)?

What Are Generally Accepted Accounting Principles (GAAP)? Your email has been sent Understanding GAAP is essential for anyone involved in finance or accounting. Learn the key principles and their ...
Forbes

Generally Accepted Accounting Principles (GAAP) Guide

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Accounting principles help hold a company’s financial ...