U.S. GAAP and IFRS; A Comparative Analysis

Provides concise, need-to-know guidance on the critical differences and similarities between U.S. Generally Accepted Accounting Principles and the standards put forward by the International Accounting Standards Board Contents: Chapter 100-The Basic Financial Statements: Form and Content Chapter 200-First-Time Adoption Chapter 300-Financial Assets and Financial Liabilities Marketable securities Other financial assets Financial liabilities Financial instruments with characteristics of both debt and equity The fair value option Troubled debt restructurings Chapter 400-Inventories Chapter 500-Biological Assets Chapter 600-Property, Plant, and Equipment Chapter 700-Intangibles Chapter 800-Impairment of Long-Lived Assets Chapter 900-Non-Current Assets Held for Sale Chapter 1000-Investments in Associated Entities Chapter 1100 -Investment Property Chapter 1200-Stockholders' Equity Chapter 1300-Revenue In general Right of return exists Franchise revenue Software revenue Revenue arrangements with multiple deliverables Real estate sales Long-term contracts Chapter 1400-Borrowing Costs Chapter 1500-Extraordinary, Unusual, or Infrequent Items Chapter 1600-Discontinued Operations Chapter 1700-Taxation Chapter 1800-Earnings per Share Chapter 1900-Accounting Changes Chapter 2000-Accounting Policies Chapter 2100-Business Combinations Chapter 2200-Consolidated and Combined Statements Chapter 2300-Contingencies and Provisions Contingent liabilities and assets Guarantees Provisions Asset retirement obligations Environmental costs Restructuring costs Chapter 2400-Derivatives and Hedging Chapter 2500-Development Stage Entities Chapter 2600-Foreign Operations Chapter 2700-Government Grants Chapter 2800-Interim Reporting Chapter 2900-Leases Chapter 3000-Nonmonetary Transactions Chapter 3100-Pension Benefits Chapter 3200-Postretirement, Postemployment, and Other Employee Benefits Chapter 3300-Related Party Transactions Chapter 3400-Reporting in Hyperinflationary Economies Chapter 3500-Segmental Reporting Chapter 3600-Share-Based Payment Arrangements Chapter 3700-Subsequent Events Chapter 3800-Major Proposals Outstanding Chapter 3900-Interoffice Memoranda