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Topics hide IFRS vs US GAAP Events after the reporting date Overview Recognised events / Adjusting events Non-recognised events / Non-adjusting events Dividends Current vs non-current classification Earnings per share Disclosure of the subsequent-events date / Disclosure of the date of authorisation for issuance Discovery of a fraud after the reporting date IFRS vs US … Read more
Topics hide IFRS vs US GAAP Profit or loss and OCI Overview Definitions Format of the statement of comprehensive income / Format of the statement of profit or loss and OCI Presentation of revenue Classification of expenses Unusual or infrequent items / Additional, unusual or exceptional items Operating results Share of profit of equity-method investees … Read more
Last update 12/06/2020 Best start with IFRS and US GAAP – Many of the world’s capital markets now require IFRS, or some form thereof, for financial statements of public-interest entities. The remaining major capital markets without an IFRS mandate are: The US, with no current plans to change Best start with IFRS and US GAAP … Read more