IFRS Perspectives - Q1 2017

More than 120 countries around the world have adopted IFRS, making IFRS a must-know for US companies that intend to attract foreign investors, are contemplating raising capital outside the United States, or that are engaged in cross-border M&A transactions.

Historically, Japanese Foreign Private Issuers (FPIs) have used US GAAP or JGAAP with a reconciliation to US GAAP. However, over the years IFRS has slowly but surely gained momentum in Japan.

To properly plan an effective transition, we offer ten factors for success plus five key things to consider.

The IASB and the FASB have made clarifications to their new revenue standards. Here are the key areas where they diverge.

The current/noncurrent classification of debt is important to investors because it changes a company’s working capital and liquidity portrayal.