Issues and Solutions for the Retail and Consumer Goods Industries: International Financial Reporting Standards (IFRS) / US GAAP

In the run-up to the EU's implementation of International Financial Reporting Standards (IFRS) in 2005, PwC published IFRS in Action to help board members in retail and consumer goods companies better understand what the change to IFRS would mean for their respective industries.

Now, some three years later, the implications and effects of the move to IFRS are easier to see. PwC took the opportunity to update its IFRS framework for financial reporting across a range of issues in the retail and consumer sector. Issues and Solutions for the Retail and Consumer Goods Industries: International Financial Reporting Standards is the result, and it offers an extensive set of accounting solutions to help you understand the key issues and concerns behind this ongoing shift to IFRS.

The report also provides a US GAAP perspective to help companies (that must report under this framework) understand the impact that IFRS might have on their operations.