An Executive’s Guide for Moving From U.S. GAAP to IFRS
The book reviews different issues relating to the possibility that the Securities and Exchange Commission (SEC) may eventually mandate the use of International Financial Reporting Standards (IFRS) for use by listed companies and delegate to the International Accounting Standards Board (IASB) the...
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| Tác giả chính: | |
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| Định dạng: | Sách |
| Ngôn ngữ: | English |
| Được phát hành: |
Business Expert
2012
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| Những chủ đề: | |
| Truy cập trực tuyến: | http://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/31104 |
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| Thư viện lưu trữ: | Thư viện Trường Đại học Đà Lạt |
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| Tóm tắt: | The book reviews different issues relating to the possibility that the Securities
and Exchange Commission (SEC) may eventually mandate the use
of International Financial Reporting Standards (IFRS) for use by listed
companies and delegate to the International Accounting Standards Board
(IASB) the task of providing accounting standards for the United States.
The fi rst chapter reviews the international movement to converge on
a single global basis of accounting for listed companies. It also discusses
the experience of European companies, where 25 countries adopted IFRS
in 2005. The second chapter analyzes the position in the United States. It
looks at the advantages and disadvantages for corporations and explains
the convergence program being followed by the Financial Accounting
Standards Board (FASB) and the IASB. It also looks at the SEC’s activities
in this area and then sets out the challenges to be addressed by U.S.
corporations if IFRS are adopted.
Canada has made the decision to switch in 2011, and the Canadian
experience is discussed as offering a blueprint for the United States. This
is followed by an extensive analysis of the technical differences between
IFRS and U.S. Generally Accepted Accounting Principles (GAAP).
The last two chapters explain the organizational structure of the IASB
and its standard-setting process, and then the evolution of the international
standard-setter from its beginning in 1973. |
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