us gaap vs. ifrs

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1、USGAAPvs.IFRSUSGAAPvs.IFRSThebasicsNovember2009Tableofcontents2Introduction5Financialstatementpresentation7Interimfinancialreporting8Consolidations,jointventureaccountingandequitymethodinvestees10Businesscombinations13Inventory14Long-livedassets16Intangibleassets18Impairmentoflong

2、-livedassets,goodwillandintangibleassets20Financialinstruments26Foreigncurrencymatters28Leases31Incometaxes34Provisionsandcontingencies36Revenuerecognition38Share-basedpayments40Employeebenefitsotherthanshare-basedpayments42Earningspershare43Segmentreporting44Subsequentevents46Rel

3、atedparties7><47Appendix—TheevolutionofIFRSIntroductionItisnotsurprisingthatmanypeoplewhofollowNopublicationthatcomparestwobroadsetsofthedevelopmentofworldwideaccountingaccountingstandardscanincludealldifferencesstandardstodaymightbeconfused.Convergencethatcouldariseinaccountingfo

4、rthemyriadofisahighpriorityontheagendasofboththebusinesstransactionsthatcouldpossiblyoccur.USFinancialAccountingStandardsBoard(FASB)Theexistenceofanydifferences—andtheirandtheInternationalAccountingStandardsmaterialitytoanentity’sfinancialstatements—Board(IASB)—and“convergence”isa

5、termdependsonavarietyofspecificfactorsthatsuggestsaneliminationorcomingincluding:thenatureoftheentity,thedetailedtogetherofdifferences.Yetmuchisstillmadetransactionsitentersinto,itsinterpretationofofthemanydifferencesthatexistbetweenthemoregeneralIFRSprinciples,itsindustryUSGAAPas

6、promulgatedbytheFASBandpracticesanditsaccountingpolicyelectionsInternationalFinancialReportingStandardswhereUSGAAPandIFRSofferachoice.(IFRS)aspromulgatedbytheIASB,suggestingThisguidefocusesonthosedifferencesmostthatthetwoGAAPscontinuetospeakcommonlyfoundinpresentpracticeand,langua

7、gesthatareworldsapart.Thisapparentwhenapplicable,providesanoverviewofhowcontradictionhaspromptedmanytoaskjustandwhenthosedifferencesareexpectedtohowdifferentarethetwosetsofstandards?converge.Thispublicationdoesnot,however,Andwheredifferencesexist,whydotheyexist,addresstheaccountin

8、gdifferencesbetweenandwhen,ifever