Shamrock IFRS and US GAAP

A Comprehensive Comparison
1. Auflage 2012
ISBN: 978-1-118-22573-8
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, Band 1, 224 Seiten, E-Book

Reihe: Wiley Regulatory Reporting

A practical comparison of--and expert guidanceon--IFRS and GAAP written by a practicing controller
International Financial Reporting Standards (IFRS) are used inover 120 countries. US companies will inevitably encounter IFRSwhen evaluating the financial health of suppliers and customers.IFRS and US GAAP: A Comprehensive Comparison providesinstruction in accounting under IFRS within the context of USaccounting standards. Practical and easy-to-use, this book includesa case study of a first time IFRS adoption, emphasizing the muchgreater degree of professional judgment that is needed forIFRS.
* Provides a heavy emphasis on practical examples
* Includes an online companion website with downloadablespreadsheets and templates
* Reflects current financial reporting trends
* Addresses accounting requirements of which today's auditors,accountants and preparers of financial reports need to beaware
Clarifying IFRS, its impact on US companies, and where to startin understanding it, IFRS and US GAAP prepares USaccountants to be knowledgeable with day to day financialaccounting issues using IFRS's substantial similarity with US GAAPas a context.

Autoren/Hrsg.

Shamrock, Steven E.

Inhaltsverzeichnis

About the Author vii
Introduction ix
1 Standard Setting 1
2 The Framework 5
3 Property, Plant, and Equipment 13
4 Inventory 19
5 Provisions and Contingencies 25
6 Intangible Assets 35
7 Share-Based Compensation 39
8 Financial Instruments 45
9 Leases 59
10 Revenue 69
11 Income Taxes 111
12 Investments in Subsidiaries 129
13 Postretirement Benefits 171
14 Impairments 189
Index 203

Über Autor(innen)

Steven E. Shamrock, CPA, MBA, CMA, is Corporate Controller of AkzoNobel Inc., the US parent company of AkzoNobel NV, a global Fortune 500 company and major producer of specialty chemicals. He was formerly with BP America Inc., where he managed the preparation of consolidated external financial statements that were converted from IFRS to US GAAP. He has specialized in IFRS in the facets of conversion, application, and policy and serves on the IFRS AICPA SAG. He is also a frequent speaker on IFRS at AICPA conferences.