IFRS and US GAAP, with Website A Comprehensive Comparison
IFRS and US GAAP, with Website A Comprehensive Comparison by Steven E. Shamrock is published by John Wiley & Sons on April 3, 2012, and spans 224 pages. This book offers a practical comparison of International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP), providing expert guidance from a practicing controller. It addresses the necessity for US companies to understand IFRS as they evaluate the financial health of suppliers and customers, emphasizing the professional judgment required for IFRS adoption.
Readers will find a focus on practical examples and a case study illustrating first-time IFRS adoption, which highlights the differences and similarities between IFRS and US GAAP. The book includes an online companion website featuring downloadable spreadsheets and templates, making it a useful resource for accountants and auditors. By clarifying the impact of IFRS on US companies, this edition prepares accountants to navigate day-to-day financial accounting issues effectively.
Official synopsis Publisher
A practical comparison of—and expert guidance on—IFRS and GAAP written by a practicing controller
International Financial Reporting Standards (IFRS) are used in over 120 countries. US companies will inevitably encounter IFRS when evaluating the financial health of suppliers and customers. IFRS and US GAAP: A Comprehensive Comparison provides instruction in accounting under IFRS within the context of US accounting standards. Practical and easy-to-use, this book includes a case study of a first time IFRS adoption, emphasizing the much greater degree of professional judgment that is needed for IFRS.
- Provides a heavy emphasis on practical examples
- Includes an online companion website with downloadable spreadsheets and templates
- Reflects current financial reporting trends
- Addresses accounting requirements of which today’s auditors, accountants and preparers of financial reports need to be aware
Clarifying IFRS, its impact on US companies, and where to start in understanding it, IFRS and US GAAP prepares US accountants to be knowledgeable with day to day financial accounting issues using IFRS’s substantial similarity with US GAAP as a context.
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