A practical comparison of--and expert guidance on--IFRS 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 examplesIncludes an online companion
website with downloadable spreadsheets and templatesReflects
current financial reporting trendsAddresses accounting requirements
of which today's auditors, accountants and preparers of financial
reports need to be aware
Clarifying IFRS, its impact on US companies, and where to start
in understanding it, "IFRS and US GAAP" prepares US accountants to
be knowledgeable with day to day financial accounting issues using
IFRS's substantial similarity with US GAAP as a context.
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