Differences Between US GAAP & IFRS

      
			              Forum
			            
							              8

		            		Ivy Feng
Accountant, China
			            
Differences Between US GAAP & IFRS

	          		If you are allowed to give only 5 major differences between US GAAP & IFRS, what would they be?
				      
X

							  			Welcome to the US GAAP forum. The topic being discussed here is: "Differences Between US GAAP & IFRS". 
										
Get access to all of our 900 knowledge centers about management.  Join more than 1,000,000 other members. 

										Log in

Comments

																	  	Sort by date
																	  	Sort by rating
																		
Rating

										              -2

						            	Ytalo Huertas Campoverde
Accountant, Peru
												
				                US GAAP versus IFRS

													This is very important for me. I am a Peruvian accountant and belong to a USA company so I have to report with the two principles.
				                
										              2

						            	MANUEL GARCIA MARTINEZ
Manager, Mexico
												
				                Main Differences Between IFRS and US GAAP

													I also would like to know the principal differences between US GAAP & IFRS, because this year the financial sector of Mexico must adopt these rules.
				                
										              2

						            	david, United States
												
				                Diff. in Gaap and Ifrs

													Difference between the two are still universes apart, from revenue recognition to financial sheet representation. Explaining the differences would take forever. Maybe asking a few questions that you are unsure of would be the best avenue for you.
				                
										              1

						            	Victor hugo Gonzalez Vazquez
Accountant, Mexico
												
				                FASB and IASB Differences

													Since the last 10 years, the organizations (FASB and IASB) that are in charge of carrying out global accounting treatments have been working on merging accounting criteria to arrive at a perfectly global comparison in accounting terms. The road is still long, but we can now in financial statement disclosure and profit and loss provide the best experience.

FIXED ASSETS here in Mexico continue to be a key point in the conversion process to IFRS versus USA GAAP.
				                
Leave a comment

		                            More on US GAAP:
		                          
													            	Summary
													            
												              Discussion Topics
												            
		                          	👀Differences Between US GAAP & IFRS
US GAAP and the Financial Crisis
Market value differing significantly from book values
Comprehension of US GAAP
Exchange Ratio Statement
🔥US-GAAP Costs versus Capitalization

		                              Special Interest Group
		                            
Do you know a lot about US GAAP? Become our SIG Leader