IFRS and US GAAP: Similarities and Differences

IFRS and US GAAP: Similarities and Differences 2008Source: PricewaterhouseCoopersPublished: 08/21/2008Summary:The conversion from US GAAP to IFRS brings a long list of technical accounting changes. This volume is designed to provide a broad understanding of the major differences between the accounting methods and to identify the impact those changes could have on individual companies. While this publication does not cover every difference, it focuses on a sampling of those PwC considers most significant and/or most common.Much more than a simple comparison of the accounting frameworks, this new edition has been completely redesigned for the US market. The 2008 edition: 1) provides context of how the conversion to IFRS has ramifications far beyond the accounting department, 2) provides insight as to the impact of key differences between IFRS and US GAAP, and 3) encourages early consideration of what IFRS means to organizations.This publication is a component of our IFRS readiness series. PwC is committed to helping companies with the conversion from US GAAP to IFRS and our publications demonstrate that commitment.© 2008 PricewaterhouseCoopers. All rights reserved. PricewaterhouseCoopers refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.Download Full Article http://gaap.cz/main_page/Cz/main/Extra/IFRS_&_USGAAP_SimDIf_Sep08.pdfhtt...