- What Are the Differences Between IFRS and U.S. GAAP for Revenue Recognition?
- There are two dominant systems of accounting used by corporations around the world. In the U.S.
- FASB releases US GAAP version of leases standard
- Despite attempts to produce a single lease standard approach for all global preparers reporting under International Financial Reporting Standards and US GAAP, the International Accounting Standards Board (IASB) and FASB could not agree on a unified ...
- BorgWarner Reports Fourth Quarter 2015 U.S. GAAP Net Earnings Of $0.56 Per
- These items are listed in a table below as reconciliations of non-U.S. GAAP measures, which are provided by the company for comparison with other results, and the most directly comparable U.
- Leases standard will cause less problems for US GAAP reporters
- The global standard, IFRS 16 Leases, was released in January with the US standard setter, the Financial Accounting Standards Board (FASB), set to issue the US GAAP version - the final Accounting Standards Update (ASU) - by the end of February.
- FASB publishes US leasing standard
- Adhering to US GAAP, the recognition, extent and presentation of expenses and cashflows arising from a lease by a lessee will depend on its classification as a finance or operating lease.
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