IFRS industry publications

Below is a sampling of our industry-specific publications pertaining to transitioning to IFRS in the US. For additional publications covering other topics in your industry, please select your industry from the "industry sectors" selector above, or visit our industries page. At the bottom of this page is a link to our global IFRS industry publications, which primarily address companies in countries already reporting in IFRS but which may present useful content for US companies as well.

Aerospace & defense

What new accounting standards will mean for the aerospace and defense industry
To keep pace with them, companies need to start preparing now. Due to the specialized nature of US GAAP guidance for A&D companies, there may be complex considerations in successfully implementing converged standards and ultimately transitioning to IFRS.

Asset management

International Financial Reporting Standards for US investment companies
While IFRS does not provide accounting standards or guidance specific to the investment company industry, transition to IFRS would result in different asset and liability measurement and financial statement presentations for investment companies in certain areas, as well as different net asset valuation methods. This paper outlines some of those differences and how they impact your business.

Similarities and differences: A comparison of US GAAP and IFRS for investment companies
The conversion from US GAAP to IFRS brings a long list of technical accounting changes. This publication is designed to provide a broad understanding of the major differences between US GAAP and IFRS as it pertains to investment companies.

Energy, utilities & mining

Application of IFRS to rate regulations in North American utilities companies
This paper provides a history of regulatory accounting and IFRS, explains the challenges of supporting regulatory accounting within the IFRS Framework, and highlights important next steps for North American regulated utilities in evaluating the path forward.

Energy insights: Getting into step with IFRS
PwC US energy sector whitepaper outlining considerations for the transition from US GAAP to IFRS that takes into account the ways energy companies must account for critical items such as exploration and production costs; depletion, depreciation and amortization; inventory; joint ventures; and reserves.

Engineering & construction

Engineering change: Constructive thinking for the construction industry
This paper discusses the impact of IFRS on the engineering and construction sector, and what is required to transition successfully.

Insurance

Turning risk into reward: Gearing up for a new world order in financial reporting, risk management, and capital management
The PricewaterhouseCoopers LLP insurance practice has created this white paper, which specifically addresses: convergence toward an economic framework for evaluating solvency, reporting earnings, and measuring performance; the competitive impact of Solvency II; and, the complexities of IFRS Phase II.

Pharmaceuticals

International Financial Reporting Standards (IFRS): Issues and solutions for the pharmaceutical and life sciences industries: Vol I & II updates
This report is an update of the 2004 and 2005 volumes 1 and 2 of IFRS issues and solutions for the pharmaceutical industry. The objective of this new edition is to give greater clarity on various grey areas of definition and interpretation that could have been raised following the implementation of the standards in 2005.

Pay-for-performance arrangements: Guidance for revenue recognition under IFRS
Pay-for-performance is a pricing concept under which the price paid for a given medicine is intended to reflect the economic benefits of a drug at an individual patient level. This paper discusses the issues and provides guidance as to when revenue may be recognized under these arrangements.

IFRS: Issues and solutions for the pharmaceuticals and life sciences industries: Vol III
This third publication of IFRS issues and solutions for the pharmaceutical and life sciences industries reviews revenue recognition issues and reporting guidance for the industry and represents a first step in trying to establish a common platform or framework.

A review of the implementation of IFRS in the pharmaceuticals and life sciences industries
This paper presents an analysis of the financial statements of the 12 largest pharmaceutical entities reporting under IFRS to see how they applied IFRS. The findings are designed to help pharmaceutical companies compare their disclosure against their peers' and help users of financial statements interpret and understand the methods and presentational options adopted in the new financial statements.

Retail & consumer

Issues and solutions for the retail and consumer goods industries: International Financial Reporting Standards / US GAAP
This publication summarises 50 of the complex accounting issues specific to the retail and consumer industry. The publication has been prepared with the US market in mind and highlights where US GAAP and IFRS may differ.

Technology

How will your company respond to the proposed changes in revenue recognition?
A joint proposal by the FASB and the IASB may change the timing and amount of revenue recognition for technology companies. This publication is designed to help technology executives understand the potential impacts of the proposal to their businesses, identify challenges and opportunities, and encourage active participation in the standard setting process by responding to the boards' proposal.

Navigating the move to IFRS
The objective of this publication is to help US technology companies think strategically about the financial and non-financial aspects of an IFRS conversion. While the impact of IFRS will vary for each company and sector, the key accounting topics that are most relevant to technology companies represent potentially complex areas of difference between US GAAP and IFRS.

Global IFRS Industry publications

On this page, you can access a listing of our global industry IFRS publications, primarily written for those countries currently reporting in IFRS.