Discover the key differences in inventory accounting between GAAP and IFRS, including valuation methods, write-down reversals ...

In the area of fixed assets and the resultant depreciation there are some major differences between the GAAP rules codified in ASC Topic 360 and the IFRS rules in IAS 16. Processing Content In GAAP ...

This article is by Eva De Leon, Product Manager for Hedge Accounting Solutions at Bloomberg L.P. It appeared first on TMI. For years, accounting and risk management have not always been fully in sync.

The International Financial Reporting Standards Foundation has published a set of near-final examples showing how companies can improve the reporting of uncertainties in their financial statements ...

Most companies use leases of some form, particularly property and retail space, as they can be a useful financing arrangement providing business with access to use of assets without the initial ...

The future of international accounting standards for U.S. public companies remains uncertain after the release in July of a long-anticipated SEC analysis of IFRS. In a 127-page report released on the ...

Accountants preparing and auditing financial statements for U.S. companies stand a good chance of encountering IFRS. The SEC requires financial statements to be filed in U.S. GAAP, and U.S. users of ...

In line with the on-going financial reforms, significant public interest entities and companies listed on the Nigerian Stock Exchange were mandated to prepare their financial statements in line with ...

The International Accounting Standards Board (IASB) issued IFRS 18: Presentation and Disclosure in Financial Statements in April 2024, marking the most ...

Discover the key differences between IFRS and GAAP accounting standards, and learn how they impact financial reporting for ...

For regulators and supervisory authorities in Bangladesh, IFRS from 2026 onwards offers a more nuanced lens to assess ...