{"product_id":"ifrs-and-us-gaap-with-website-isbn-9781118144305","title":"IFRS and US GAAP, with Website","description":"\u003cb\u003eA practical comparison of—and expert guidance on—IFRS and GAAP written by a practicing controller\u003c\/b\u003e  \u003cp\u003eInternational Financial Reporting Standards (IFRS) are used in over 120 countries. US companies will inevitably encounter IFRS when evaluating the financial health of suppliers and customers. \u003ci\u003eIFRS and US GAAP: A Comprehensive Comparison\u003c\/i\u003e provides instruction in accounting under IFRS within the context of US accounting standards. Practical and easy-to-use, this book includes a case study of a first time IFRS adoption, emphasizing the much greater degree of professional judgment that is needed for IFRS.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eProvides a heavy emphasis on practical examples\u003c\/li\u003e \u003cli\u003eIncludes an online companion website with downloadable spreadsheets and templates\u003c\/li\u003e \u003cli\u003eReflects current financial reporting trends\u003c\/li\u003e \u003cli\u003eAddresses accounting requirements of which today's auditors, accountants and preparers of financial reports need to be aware\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eClarifying IFRS, its impact on US companies, and where to start in understanding it, \u003ci\u003eIFRS and US GAAP\u003c\/i\u003e prepares US accountants to be knowledgeable with day to day financial accounting issues using IFRS's substantial similarity with US GAAP as a context.\u003c\/p\u003e \u003cp\u003eAbout the Author vii\u003c\/p\u003e \u003cp\u003eIntroduction ix\u003c\/p\u003e \u003cp\u003e1 Standard Setting 1\u003c\/p\u003e \u003cp\u003e2 The Framework 5\u003c\/p\u003e \u003cp\u003e3 Property, Plant, and Equipment 13\u003c\/p\u003e \u003cp\u003e4 Inventory 19\u003c\/p\u003e \u003cp\u003e5 Provisions and Contingencies 25\u003c\/p\u003e \u003cp\u003e6 Intangible Assets 35\u003c\/p\u003e \u003cp\u003e7 Share-Based Compensation 39\u003c\/p\u003e \u003cp\u003e8 Financial Instruments 45\u003c\/p\u003e \u003cp\u003e9 Leases 59\u003c\/p\u003e \u003cp\u003e10 Revenue 69\u003c\/p\u003e \u003cp\u003e11 Income Taxes 111\u003c\/p\u003e \u003cp\u003e12 Investments in Subsidiaries 129\u003c\/p\u003e \u003cp\u003e13 Postretirement Benefits 171\u003c\/p\u003e \u003cp\u003e14 Impairments 189\u003c\/p\u003e \u003cp\u003eIndex 203\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eSTEVEN E. SHAMROCK, CPA, MBA, CMA,\u003c\/b\u003e is Corporate Controller of AkzoNobel Inc., the US parent company of AkzoNobel NV, a global Fortune 500 company and major producer of specialty chemicals. He was formerly with BP America Inc., where he managed the preparation of consolidated external financial statements that were converted from IFRS to US GAAP. He has specialized in IFRS in the facets of conversion, application, and policy and serves on the IFRS AICPA SAG. He is also a frequent speaker on IFRS at AICPA conferences.    \u003c\/p\u003e\u003cp\u003eAccounting\t \u003c\/p\u003e\u003cp\u003e\u003cb\u003eA one-stop resource for understanding financial reporting under IFRS™—using US GAAP as a springboard\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eMuch has been made of the convergence of IFRS and US GAAP. In every corner of the country, from Washington to Wall Street, from boardrooms to business schools, the past decade has produced a deluge of information that has inundated the media, trade publications, seminars, and CPE courses, with opinions of every shape, form, and point of view. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eIFRS and US GAAP\u003c\/i\u003e provides timely instruction in accounting under International Financial Reporting Standards (IFRS) in the context of US Generally Accepted Accounting Principles (GAAP). With a heavy emphasis placed on practical examples, this indispensable resource also includes a companion website with downloadable spreadsheets and templates. \u003c\/p\u003e\u003cp\u003eAuthor and practicing controller Steven Shamrock insightfully helps preparers and practitioners understand the key differences between IFRS and US GAAP with essential coverage of: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eProperty, plant, and equipment\u003c\/li\u003e \u003cli\u003eInventory\u003c\/li\u003e \u003cli\u003eProvisions and contingencies\u003c\/li\u003e \u003cli\u003eIntangible assets\u003c\/li\u003e \u003cli\u003eShare-based compensation\u003c\/li\u003e \u003cli\u003eFinancial instruments\u003c\/li\u003e \u003cli\u003eLeases\u003c\/li\u003e \u003cli\u003eRevenue\u003c\/li\u003e \u003cli\u003eIncome taxes\u003c\/li\u003e \u003cli\u003eInvestments in subsidiaries\u003c\/li\u003e \u003cli\u003ePost-retirement benefits\u003c\/li\u003e \u003cli\u003eImpairments\u003c\/li\u003e \t\u003c\/ul\u003e \t \u003cp\u003eAddressing accounting requirements of which today's auditors, accountants, and preparers of financial reports need to be aware, \u003ci\u003eIFRS and US GAAP\u003c\/i\u003e prepares US accountants to make well-informed decisions on accounting treatments and analysis by first understanding IFRS's substantial similarity with US GAAP as a context.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989400371429,"sku":"NP9781118144305","price":115.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118144305.jpg?v=1761783963","url":"https:\/\/k12savings.com\/es\/products\/ifrs-and-us-gaap-with-website-isbn-9781118144305","provider":"K12savings","version":"1.0","type":"link"}