IFRS vs. GAAP: Key Differences in Accounting Standards Explained

Discover the key differences between IFRS and GAAP accounting standards, and learn how they impact financial reporting for ...
Accounting Today

IFRS gives examples of reporting climate uncertainties

The International Financial Reporting Standards Foundation has published a set of near-final examples showing how companies can improve the reporting of uncertainties in their financial statements ...
JournalofAccountancy

Financial Reporting Goes Global

THERE IS A CLEAR TREND toward adopting IFRS as the single body of internationally accepted financial reporting standards. In the next few years, thousands of companies will move to IFRS as a primary ...

Why IFRS Prohibits LIFO Inventory Accounting

Discover why IFRS prohibits LIFO accounting, including issues like distorted financials, outdated inventory values, and ...
JD Supra

Financial Reporting for Foreign Private Issuers Before the SEC

Under the current rules of the US Securities and Exchange Commission (SEC), foreign issuers are allowed to use International Financial Reporting Standards (IFRS) financial statements in their ...
Compliance Week

SEC Publishes IFRS Concept Release

The Securities and Exchange Commission has a lot of questions about embracing international accounting rules, but they all come down to this: Are two sets of standards better than one? Last week, the ...
Financial Planning

SEC Stepping Back from the GAAP? Acceptance of IFRS Accounting Could Pose Challenges

Globalization may be coming in baby steps. In the effort to move to a single, universal financial reporting standard, the Securities and Exchange Commission voted unanimously last month to open for ...
JD Supra

SEC Staff Provides XBRL Relief for Foreign Private Issuers with IFRS Financial Statements

With the last phase of implementation of interactive data rules fast approaching, the Director of the Division of Corporation Finance and the Chief Accountant of the U.S. Securities and Exchange ...
JournalofAccountancy

The bilingual CPA

Accountants preparing and auditing financial statements for U.S. companies stand a good chance of encountering IFRS. The SEC requires financial statements to be filed in U.S. GAAP, and U.S. users of ...
Accounting Today

SEC regulators should adopt global financial reporting language for better business

While issues of immigration, trade and freedom of the Fourth Estate are dominating the media cycle, there are other significant areas of policy flux worthy of consideration as President Donald Trump’s ...
Business Insider

DGAP-News: cyan AG publishes audited IFRS consolidated financial statements 2018

The issuer is solely responsible for the content of this announcement. cyan AG publishes audited IFRS consolidated financial statements 2018 Munich / 1 June 2019. cyan AG has published audited ...