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US GAAP versus IFRS - ey.com

US gaap versus IFRS The basics December 2011 !@# US gaap versus IFRS The basics 1 Introduction .. 2 Financial statement 4 Interim financial reporting .. 6 Consolidation, joint venture accounting and equity method investees .. 7 Business combinations .. 11 Inventory .. 13 Long-lived assets .. 14 Intangible assets .. 16 Impairment of long-lived assets, goodwill and intangible assets .. 18 Financial instruments .. 20 Foreign currency matters .. 28 Leases .. 30 Income taxes .. 33 Provisions and contingencies .. 35 Revenue 37 Share-based payments .. 39 Employee benefits other than share-based payments .. 41 Earnings per share .. 44 Segment reporting .. 45 Subsequent events .. 46 Related parties .. 48 Appendix The evolution of IFRS.

Interim financial reporting US GAAP versus IFRS The basics 6 Similarities ASC 270, Interim Reporting, and IAS 34, Interim Financial Reporting, are substantially similar except for …

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