IFRS vs. U.S. GAAP: Key Differences in Accounting Standards

Explore the major differences between IFRS and U.S. GAAP, including inventory write-downs, intangible assets, and accounting ...
The Reporter

IFRS 18 and the Future of Financial Reporting in Ethiopia

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

IFRS Foundation forms International Sustainability Standards Board, consolidates VRF and CDSB

The International Financial Reporting Standards Foundation formally launched the International Sustainability Standards Board on Wednesday and announced plans to consolidate the Value Reporting ...
Reuters

Indian banks' switch to IFRS accounting norms unlikely to hit rating -Fitch

MUMBAI, Jan 20 (Reuters) - The benefits of Indian banks' switching to the International Financial Reporting Standards (IFRS) accounting rules will outweigh any short-term impact on capital levels and ...
International Monetary Fund

Accounting Standards and Insurer Solvency Assessment

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation The paper explores the use of accounting standards for insurer solvency assessment in the context of the implementation of ...
Accounting Today

GAAP vs. IFRS for property, plant and equipment

In the area of fixed assets and the resultant depreciation there are some major differences between the GAAP rules codified in ASC Topic 360 and the IFRS rules in IAS 16. Processing Content In GAAP ...
Houston Chronicle

The Difference Between Principles & Rules Based Accounting Standards

In accounting, a principles-based on approach is the most popular accounting method globally because it is usually better to adjust accounting principles to a company's transactions, rather than ...