|
International Financial Reporting Standards
IFRS compared to US GAAP
August 2009 International
The purpose of this publication is to assist you in understanding the significant differences between International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (US GAAP).
This publication does not discuss every possible difference; rather, it is a summary of those differences that we have encountered most frequently in practice, resulting from either a difference in emphasis or specific application guidance. The focus of this publication is on recognition, measurement and presentation, rather than on disclosure; therefore disclosure differences generally are not discussed. However, areas that are disclosure based, such as segment reporting, are included.
The 2009 edition of IFRS compared to U.S. GAAP is based on the standards and interpretations that had been published by 31 July 2009. The main text of the publication is based on standards and interpretations that are mandatory for an annual reporting date beginning on 1 July 2009, i.e., ignoring standards and interpretations that might be adopted before their effective dates.
An overview version of this publication is free for download below.
To download: Right-click the link and select "Save Target As..." (PC) or control-click and select "Download Link to Disk" (Mac). Adobe Reader is required to read PDF documents.
Use the link below to order a print copy of the full publication, IFRS compared to US GAAP, at a cost of €75 and/or the overview publication at a cost of €40.
Order the full version and a hard copy of an Overview here
|
