Tag: USGAAP

Brief Overview of IFRS & How it’s different from US GAAP

IFRS

“What’s the fuss over IFRS?”  Providing a brief overview of the transition to adoption of IFRS and convergence with US GAAP. While we realize that IFRS will become a future reality, the question lingered regarding the differences between the two accounting standards. I thought it would be useful to assess the areas of major differences. […]