Claims and More Claims

In: Business and Management

Submitted By Marly00
Words 18304
Pages 74
US GAAP versus IFRS
The basics
November 2013

Table of contents
Introduction..................................................................... 2
Financial statement presentation ..................................... 3
Interim financial reporting................................................ 6
Consolidation, joint venture accounting and equity method investees/associates ........................................... 7
Business combinations................................................... 13
Inventory ....................................................................... 15
Long-lived assets ........................................................... 16
Intangible assets............................................................ 18
Impairment of long-lived assets, goodwill and intangible assets ............................................................ 20
Financial instruments..................................................... 23
Foreign currency matters .............................................. 30
Leases ........................................................................... 32
Income taxes ................................................................. 35
Provisions and contingencies ......................................... 37
Revenue recognition ...................................................... 39
Share-based payments................................................... 41
Employee benefits other than share-based payments ..... 43
Earnings per share ......................................................... 45
Segment reporting ......................................................... 46
Subsequent events ........................................................ 47
Related parties .............................................................. 49
Appendix — The evolution of IFRS ...................................…...

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