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Shamrock, Steven E. [Author]

IFRS and US GAAP

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  • Media type: E-Book
  • Title: IFRS and US GAAP : a comprehensive comparison
  • Contains: IFRS and US GAAP: A Comprehensive Comparison; Contents; About the Author; Introduction; Chapter 1 Standard Setting; Interpretations; Statement Numbering; Chapter 2 The Framework; Financial Elements; Comparisons of Definitions; Chapter Summary; Chapter 3 Property, Plant, and Equipment; Maintenance and Repairs; Disposal; Disclosures; Chapter 4 Inventory; Initial Cost Upon Recognition; Cost of Goods Sold; Inventories Above Costs; Disclosures; Chapter 5 Provisions and Contingencies; Effect of Timing of Settlement; Application of Discounting; Exit Costs; Chapter 6 Intangible Assets; Derocognition
    Chapter 7 Share-Based CompensationMeasurement Date and Value; Subsequent Accounting; Balance Sheet Classification; Settlement; Chapter 8 Financial Instruments; What is a Financial Instrument; Measurement of Financial Instruments; Impairment; Indicators of Impairment; Specific US GAAP Guidance; Transfers; Hedging and Hedge Accounting; Measurement and Accounting; Chapter 9 Leases; Preface; Currently Effective Standards; Classification of Leases; Identifying A Lease; Sale-Leasebacks; Chapter Summary; Chapter 10 Revenue; Fixed and Determinable Fee; Units Of Account
    Exchanges and Returns of SoftwareSoftware Services; Software Contract Accounting; Combining Contracts; Recognition Pattern; Claims Under Contract Accounting; Milestone Method; Entertainment Industry; Federal Government Contracts; Entertainment Industry: Films and Revenue Recognition; Entertainment Industry: Casinos and Revenue Recognition; Oil and Gas Industry-Revenue Recognition; Brokers and Dealers-Revenue Recognition; Financial Services-Investmetn Companies and Revenue Recognition of Fees; Layaway Sales; Chapter Summary; Chapter 11 Income Taxes; Income Tax Recognition
    Deferred Tax Liability ComputationDeferred Tax Asset Computation; Tax Rates; Tax Rates: Manner Of Recovery Or Settlement; Deferred Tax Valuations; Tax Positions; Income Tax Interest and Penalties; Profit and Loss Presentation; Intraperiod Allocation to Other Than Continuting Operations; Balance Sheet Presentation; Exceptions to Tax Recognition-Investments in Subsidiaries; General Disclosures; Chapter Summary; Chapter 12 Investments In Subsidiaries; Consolidation Under IFRS; Power; Reassessment; Rights; US GAAP Control; Interest Receipts and Payments; Protective Rights; Participating Rights
    Investment Companies and Broker-DealersFranchises; For-Profit Entity Not Involved; Controlling Financial Interest Via Majority Voting Interest or Sole Corporate Membership; Control and Economic Interest, But No Controlling Financial Interest/Control by Other Means; Less Than a Complete Interest in the Subsidiary NFP; Agency; Vie Guidance; Deemed Separate Entities; Development Stage Entities; Continuous Assessment; Accounting for Consolidation; Noncontrolling Investments; Presumptions; Investee Comprehensive Income and Adjustments to Investor's Share; Exemptions from the Equity Method; IFRS
    In-Substance Common Stock
  • Contributor: Shamrock, Steven E. [Author]
  • imprint: Hoboken, NJ: Wiley, 2012
    Online-Ausg., [s.l.]: eblib
  • Published in: Wiley Regulatory Reporting Ser ; v.6
  • Language: English
  • ISBN: 9781118144305
  • RVK notation: QP 820 : Allgemeines
  • Keywords: International Financial Reporting Standards > Generally Accepted Accounting Principles
  • Type of reproduction: Online-Ausg.
  • Place of reproduction: [s.l.]: eblib
  • Origination:
  • Footnote: Description based upon print version of record
  • Description: A practical comparison of-and expert guidance on-IFRS and GAAP written by a practicing controller International 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. IFRS and US GAAP: A Comprehensive Comparison 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. Provides a heavy emphasis on practical examples Includes an online companion website with downloadable spreadsheets and templates Reflects current financial reporting trends Addresses accounting requirements of which today's auditors, accountants and preparers of financial reports need to be aware Clarifying IFRS, its impact on US companies, and where to start in understanding it, IFRS and US GAAP prepares US accountants to be knowledgeable with day to day financial accounting issues using IFRS's substantial similarity with US GAAP as a context.

    IFRS and US GAAP: A Comprehensive Comparison -- Contents -- About the Author -- Introduction -- Chapter 1 Standard Setting -- Interpretations -- Statement Numbering -- Chapter 2 The Framework -- Financial Elements -- Comparisons of Definitions -- Chapter Summary -- Chapter 3 Property, Plant, and Equipment -- Maintenance and Repairs -- Disposal -- Disclosures -- Chapter 4 Inventory -- Initial Cost Upon Recognition -- Cost of Goods Sold -- Inventories Above Costs -- Disclosures -- Chapter 5 Provisions and Contingencies -- Effect of Timing of Settlement -- Application of Discounting -- Exit Costs -- Chapter 6 Intangible Assets -- Derocognition -- Chapter 7 Share-Based Compensation -- Measurement Date and Value -- Subsequent Accounting -- Balance Sheet Classification -- Settlement -- Chapter 8 Financial Instruments -- What is a Financial Instrument -- Measurement of Financial Instruments -- Impairment -- Indicators of Impairment -- Specific US GAAP Guidance -- Transfers -- Hedging and Hedge Accounting -- Measurement and Accounting -- Chapter 9 Leases -- Preface -- Currently Effective Standards -- Classification of Leases -- Identifying A Lease -- Sale-Leasebacks -- Chapter Summary -- Chapter 10 Revenue -- Fixed and Determinable Fee -- Units Of Account -- Exchanges and Returns of Software -- Software Services -- Software Contract Accounting -- Combining Contracts -- Recognition Pattern -- Claims Under Contract Accounting -- Milestone Method -- Entertainment Industry -- Federal Government Contracts -- Entertainment Industry: Films and Revenue Recognition -- Entertainment Industry: Casinos and Revenue Recognition -- Oil and Gas Industry-Revenue Recognition -- Brokers and Dealers-Revenue Recognition -- Financial Services-Investmetn Companies and Revenue Recognition of Fees -- Layaway Sales -- Chapter Summary -- Chapter 11 Income Taxes.