3 MAJOR DIFFERENCES BETWEEN THE BALANCE SHEETS OF A IFRS AND US GAAP COMPANIES?

what have been 3 vital differences in between the change sheets of the association regulating IFRS (Form 20-F) as well as the association regulating GAAP (Form 10-K)….The differences can be measurement, recognition, as well as presentation/disclosure.

Thank you!

{ 1 comment… read it below or add one }

Sandy May 1, 2010 at 12:09 am

I’m not familiar with the Forms you mentioned, but the following report, “IFRS and US GAAP: similarities and differences” by PwC is excellent. If you don’t have time to read the whole report, just the summary should point you in the right direction.
Major differences are found in the following areas:
Revenue recognition (page 8) Expense recognition: share-based payments (page 10)
Financial liabilities and equity (page 11)
Consolidation (page 12)

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