IFRS, US GAAP, and US tax accounting methods

Download IFRS, US GAAP, and US tax accounting methods

Comparing IFRS & US GAAP and assessing the potential implications on US tax accounting methods

This publication identifies circumstances where tax accounting method changes may be required or desired and where Schedule M computations may change during an IFRS conversion with respect to the following:

• Revenue recognition
• Contra receivables
• Inventory
• Property, plant, and equipment (PP&E)
• Intangible assets and goodwill
• Impairments
• Leasing
• Liabilities