IFRS vs. U.S. GAAP: Key Differences in Accounting Standards

Explore the major differences between IFRS and U.S. GAAP, including inventory write-downs, intangible assets, and accounting ...
Accounting Today

GAAP vs. IFRS for property, plant and equipment

In the area of fixed assets and the resultant depreciation there are some major differences between the GAAP rules codified in ASC Topic 360 and the IFRS rules in IAS 16. In GAAP there is only one way ...
The Banker

IASB consults on risk mitigation model to test DRM accounting approach

In August, the International Swaps and Derivatives Association said the DRM model “has the potential to make significant progress in better aligning accounting with actual risk management”. DRM models ...
Accounting Today

IASB proposes accounting model for interest rate risks

The new accounting model would reflect how financial institutions manage interest rate risks in their portfolios.
Bloomberg L.P.

Macro hedge accounting: A viable option for insurers hedging liabilities under IFRS 17

Interplay between the economic and accounting impact of new International Financial Reporting Standards (IFRS 17 Insurance Contracts and IFRS 9 Financial Instruments) is challenging the asset and ...