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 …

culminate in its repeal as an acceptable accounting method. There are pressures from the International Financial Accounting … available in this transition period. -- LIFO ; LIFO reserve ; IFRS ; US GAAP ; FIFO …

-based developed IFRS taxonomy. Considering the anticipated but unexpected SEC decision on March 3rd 2017 to adopt the IFRS taxonomy … electronic filings in Europe on the IFRS taxonomy by 2020 signal that national regulators, external accounting observers and … international regulators have a dissent. This paper reflects the expressed concerns by national standard setters. Applying a …

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 …

.S. Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) worked towards the … version of IFRS 9 Financial Instruments. The failure to achieve convergence on an issue of such high profile and materiality …

This paper describes selected major differences between International Financial Reporting Standards (IFRS) and U … (FASB) and the International Accounting Standards Board (IASB) as of March, 2010. These selected differences pertain to the … completed convergence projects, they are categorized into IFRS converged with U.S. GAAP (five projects), U.S. GAAP converged …