Purpose: Testing a total of five hypotheses, the paper contributes to overall comparison of the two regimes, as it …, International Financial Reporting Standards (IFRS) had a more timely effect than US Generally Accepted Accounting Principles (GAAP … statements, such as the Basel Accord which sets many policies closely related to the IFRS, such as deferred tax credits. In this …

Many accounting regimes, such as U. S. GAAP, IFRS, German GAAP (GoB) and Japanese GAAP, pursue internal consistency … policies to comparable accounting issues in the absence of specific guidance. According to our analysis, the present IFRS … regime fails to ensure this because IFRS dealing with comparable issues are partly inconsistent. We also find that the …

A roadblock exists between International Financial Reporting Standards, (IFRS) and United States Generally Accepted … Accounting Standards, (US GAAP) in the area of acceptable methods of inventory valuation. IFRS recognizes the First In First Out … Service, IRS. In order for the United States to adopt IFRS Accounting Standards, the elimination of LIFO would have to occur …

This paper explores determinants of tangible long-lived asset impairments under US GAAP and IFRS. Using a sample …-in delay in reporting impairments under two-step impairment testing and measuring the impairment loss at fair value. IFRS … incentives) for IFRS reporters …