US financial reporting will undergo an unprecedented level of change within the next several years.
On one hand, US companies face
convergence between US GAAP and IFRS, affecting several major accounting standards - most notably in the areas of leasing, revenue recognition, and financial instruments. On the other hand,
IFRS conversion warrants consideration. IFRS is already impacting business decisions, and not simply through non-US subsidiaries. Understanding both of these major changes, and their business and operational implications, is an imperative for US companies. Take advantage of the resources that PwC has developed to increase your knowledge.