Top 10 IFRS Perspectives articles
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Revenue accounting: IFRS® Standards vs US GAAP
Top 10 differences between IFRS 15 and ASC Topic 606 for revenue recognition.
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IFRS vs. US GAAP: R&D costs
Under US GAAP, R&D costs within the scope of ASC 730 are expensed as incurred.
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Income statement presentation: IFRS compared to US GAAP
The IFRS income statement follows certain formatting requirements and options different from US GAAP.
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Income taxes: Top 10 differences between IFRS and US GAAP
While using the same principles, accounting for income tax under IAS 12 has differences from ASC 740.
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Equity-method investees: IFRS impairment compared to US GAAP
Impairment testing of investments in joint ventures and associates can be challenging under IFRS.
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Lease accounting: IFRS® Standards vs US GAAP
Top 10 differences between ASC Topic 842 and IFRS 16 for lessees.
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Restructuring: Understanding the IFRS requirements
IFRS has specific requirements for restructuring activities that differ from US GAAP.
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Accounting for legal claims: IFRS compared to US GAAP
IFRS and US GAAP have many subtle differences when accounting for provisions (loss contingencies) for legal claims.
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Customer accounting for software-as-a-service arrangements
Accounting for the costs of cloud computing arrangements to provide software-as-a-service under IFRS® Standards
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Converting from US GAAP to IFRS
To properly plan an effective transition, we offer ten factors for success plus five key things to consider.
Archived IFRS Perspectives
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IFRS Perspectives – Q4 2022
Goodwill impairment, statement of cash flows (IFRS – US GAAP top differences), Q4 2022 new IFRS Accounting Standards and amendments, 2022 IFRS Interpretations Committee Decisions
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IFRS Perspectives – Q3 2022
Cryptocurrencies, hedge accounting (IFRS – US GAAP top differences), and current/noncurrent debt classification (IFRS – US GAAP top differences)
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IFRS Perspectives – Q2 2022
How rising interest rates may affect financial reporting, lease accounting for lessees (IFRS – US GAAP top differences), and IFRS Interpretations Committee Agenda Decisions for 2022.
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IFRS Perspectives – Q1 2022
Acquired by a company reporting under IFRS® Standards, earnouts in business combinations, revenue recognition (IFRS – US GAAP top differences), investment property (IFRS – US GAAP top differences).
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IFRS Perspectives – Q4 2021
2021 Interpretations Committee’s Agenda Decisions, tax effects of share based payments (IFRS – US GAAP top differences), inventory accounting (IFRS – US GAAP top differences).
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IFRS Perspectives – Q3 2021
Business combinations under common control, ESG, the SEC and the IFRS Foundation, debt modifications: IFRS® Standards Vs GAPP.
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IFRS Perspectives – Q2 2021
Customer accounting for software-as-a-service arrangements, proceeds before an asset’s intended use, and related party disclosures (IFRS – US GAAP top differences).
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IFRS Perspectives – Q1 2021
SPACs: What GAAP applies?, real estate lessors, IASB’s two-phase IBOR reform project, statement of cash flows (IFRS – US GAAP top differences)
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IFRS Perspectives - Q4 2020
Proposed changes to IFRS Standards financial statements, IFRS 17, 2020 Interpretations Committee’s Agenda Decisions, and going concern (IFRS – US GAAP top differences).
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IFRS Perspectives - Q3 2020
COVID-19 related rent concessions, onerous contracts, termination benefits and furloughs, and presentation of COVID-19 impacts to the income statement.
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IFRS Perspectives - Q2 2020
Financial reporting impacts of COVID-19, and interim financial reporting (IFRS - US GAAP top differences).
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IFRS Perspectives - Q1 2020
Is goodwill amortization making a comeback?, accounting standards boards respond to IBOR reform, and amendments to classification of liabilities (IAS 1).
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IFRS Perspectives - Q3 2019
Lease modifications, revenue recognition: post-implementation observations, and capitalization of borrowing costs (IFRS - US GAAP top differences).
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IFRS Perspectives - Q2 2019
IFRS IC agenda decisions, and government grants (IFRS - US GAAP top differences).
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IFRS Perspectives - Q1 2019
IESBA implications, IFRS 9 challenges, and accounting for legal claims (IFRS - US GAAP top differences).
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