IFRS, US GAAP, and US tax accounting methods

April 2008
  • Print-friendly version
US tax services: IFRS: Implications of IFRS conversion on US tax accounting methods and Schedule M computations

At a glance

PwC IFRS publication identifies circumstances where tax accounting method changes may be required or desired and where Schedule M computations may change during IFRS conversion with respect to Revenue recognition, contra receivables, inventory, property, plant, and equipment (PP&E), intangible assets and goodwill, impairments, leasing and liabilities.



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