IFRS vs. GAAP: Key Differences in Accounting Standards Explained

Discover the key differences between IFRS and GAAP accounting standards, and learn how they impact financial reporting for ...
Insurancenewsnet.com

Best’s Special Report: IFRS 17 Adds Complexity to Reinsurers’ Financial Statements; Overall Profitability Not Expected to Change Materially

A key ongoing shift in financial reporting to the International Financial Reporting Standards (IFRS) 17 is underway, representing a significant accounting change that has necessitated segmentation of ...
JournalofAccountancy

International Financial Reporting Standards

FASB and the International Accounting Standards Board (IASB) expect to issue final, joint standards in their major convergence projects by mid-2013, according to a report to the Financial Stability ...

Why IFRS Prohibits LIFO Inventory Accounting

Discover why IFRS prohibits LIFO accounting, including issues like distorted financials, outdated inventory values, and ...
Accounting Today

SEC updates XBRL taxonomy for IFRS

The Securities and Exchange Commission has upgraded its EDGAR system and now supports the 2017 IFRS taxonomy for International Financial Reporting Standards using XBRL technology. Processing Content ...
Accounting Today

IFRS Foundation shares case studies to improve communication in reporting

The IFRS Foundation, the group that oversees the International Accounting Standards Board and its work on International Financial Reporting Standards, published a case study report on how companies ...
Insurancenewsnet.com

WTW extends technology suite to include IFRS 17 reporting solution

ARLINGTON, May 11, 2023-WTW (NASDAQ: WTW), a global advisory, broking, and solutions company, today announced the release of its new IFRS 17 based reporting solution, Financial Results Analyzer (FRA).
JournalofAccountancy

New IFRS conceptual framework revises foundational reporting concepts

A new conceptual framework for IFRS issued Thursday includes revisions to concepts for reporting assets, liabilities, income, and expenses. In completing the comprehensive project to change the ...
JD Supra

Report on Impact of IFRS 16 Leases on Financial Covenants in Loan Agreements

On December 9, 2015, the European Financial Reporting Advisory Group (EFRAG) published a feedback report relating to a public survey undertaken by EFRAG and others in July 2015 aiming to understand ...
Nasdaq

What Is ISSB? Understanding ISSB Standards and IFRS Sustainability Reporting

We are actively working to enhance your experience by translating more content. However, please be aware that the page you are about to visit has not yet been translated. We appreciate your ...
Houston Chronicle

International Financial Reporting Standards - Advantages & Disadvantages

As the business world becomes closer in its financial and trade ties, many countries are moving towards International Financial Reporting Standards (IFRS), common accounting rules that define how ...