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International Financial Reporting Standards - IAS Plus

International Financial Reporting StandardsConsiderations for the Consumer Products IndustryTable of ContentsKey Differences between GAAP and IFRS for Consumer Products Companies .. 4 Inventories .. 4 Leases .. 5 Impairment of Long-Lived and Indefi nite-Lived Assets .. 6 Property, Plant and 6 Additional 7 More Than Accounting .. 8 What Now? .. 10 Two Approaches .. 10 The Roadmap .. 11 Resources and Contacts .. 121 Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, and its network of member fi rms, each of which is a legally separate and independent entity.

International Financial Reporting Standards Considerations for the Consumer Products Industry By now you’ve likely heard the increasing warning signals about the inevitable movement toward International Financial Reporting Standards (IFRS) as a single set of globally accepted accounting standards. While this was intended to provide ...

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