Issues and solutions for the retail and consumer goods industries: International Financial Reporting Standards (IFRS)/US GAAP

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This publication summarises some of the complex accounting issues that are specific to the retail and consumer industry. These issues cover the full value chain, from the creation of a product by a consumer goods company to its sale to the final purchaser. The report offers an extensive set of accounting solutions to help you understand the key issues and concerns behind the shift to IFRS. The paper provides a US GAAP perspective to help companies understand the impact that IFRS might have on their operations. In addition, it also highlights where IFRS and US GAAP may differ.