Wrinkles in the IFRS Roadmap
Tuesday, November 25th, 2008 by Tax 2.0The SEC wants some of the largest U.S. companies to adopt international rules early, but limitations and uncertainty in its plan could diminish those hopes.
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The SEC wants some of the largest U.S. companies to adopt international rules early, but limitations and uncertainty in its plan could diminish those hopes.
A white paper from the consulting firm RSM McGladrey shares insights, tips and best practices for helping your business prepare for convergence to IFRS.
If American companies plan on moving to IFRS, their financial statement preparers will require less technical training and more instruction on “soft skills.”
White paper from Deloitte, available on CFO.com, explains how a shared environment for IFRS reporting can contribute to financial savings, in addition to reporting standardization.
Below you will find a small sampling of upcoming Webcast events from Deloitte:
Click here for for more information about Deloitte Dbriefs and to register!
Hans-Peter Rudolf, Assurance Executive at Crowe Horwath, will discuss both similarities and differences between the relevant guidance for long-lived assets under US GAAP and IFRS’s IAS 16 Property, Plant and Equipment. This webcast will cover the recognition criteria, depreciation methods, treatment of borrowing costs, and other pertinent topics.
The Rules Are Simpler, But Are Global Accounting Standards Better?
BusinessWeek – While necessary for a global marketplace, the simpler set of standards will have its pitfalls for U.S. companies.
http://www.businessweek.com/magazine/content/08_37/b4099035440167.htm
This publication, part of the International Financial Reporting Standards (IFRS) readiness series from PricewaterhouseCoopers, provides a broad understanding of the key similarities and differences between IFRS and U.S. Generally Accepted Accounting Principles (GAAP). It is an update of the October 2007 edition.
This publication provides a guide to the differences between International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP). The publication has adopted the general terminology changes arising from IAS 1 (2007) and includes a comparison table that reflects the changes to these standards and the equivalent changes in U.S. GAAP since the previous edition in March 2007.
Financial Times - In an effort to bring more international financial reporting standards education to the classroom, Deloitte has developed the IFRS University Consortium to provide course materials designed to provide both teachers and students with a better understanding of IFRS.
http://www.ft.com/cms/s/2/e74f3b92-9c66-11dd-a42e-000077b07658.html