IFRS in the US and Japan, converting to IFRS, Revenue (IFRS - US GAAP top differences) and current/noncurrent debt classification (IFRS - US GAAP top differences)
Insight IFRS adoption in Japan will affect US subsidiaries 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.
Insight Converting from US GAAP to IFRS To properly plan an effective transition, we offer ten factors for success plus five key things to consider.
Insight Current/noncurrent debt classification (IAS 1 vs. ASC 470) The current/noncurrent classification of debt is important to investors because it changes a company’s working capital and liquidity portrayal.