U.S. GAAP and IFRS: Additional comparisons updated
FINANCIAL REPORTING INSIGHTS |
Given the continuing and increasing use of International Financial Reporting Standards (IFRS) across the globe, more and more entities need to understand the effects of IFRS on their financial statements. To start this process, we have a series of comparisons dedicated to highlighting significant differences between U.S. GAAP and IFRS. We recently updated the comparisons on:
- Fair value measurements
- Government grants
- Long-lived assets held for sale and discontinued operations
Comparisons on numerous other topics are also available, including business combinations, impairment of long-lived assets, income taxes, leases and revenue from contracts with customers. Access these and many more comparisons at our U.S. GAAP vs. IFRS comparisons series.