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

Accounting professionals are accustomed to complying with accounting standards. Generally accepted accounting standards set the guidelines for reporting financial transactions in the United States.

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 ...

THERE IS A CLEAR TREND toward adopting IFRS as the single body of internationally accepted financial reporting standards. In the next few years, thousands of companies will move to IFRS as a primary ...

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

The International Financial Reporting Standards (IFRS) Foundation's Capital Markets Advisory Committee (CMAC) has appointed three new members. The new appointees are Deborah Taylor, Jungyeon (Jay) Seo ...

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