Navigating the move to IFRS

April 2008
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Navigating the move to IFRS: Global insights for technology companies

At a glance

How does IFRS transition apply to the technology industry? Here we offer guidance that helps US technology companies think strategically about the financial and non-financial aspects of an IFRS conversion, especially since the key accounting topics that are most relevant to technology companies represent potentially complex areas of difference between US GAAP and IFRS.

Global insights for technology companies

We are pleased to announce the launch of the first PwC IFRS publication related specifically to the technology industry. 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.

These areas include revenue recognition, research and development (R&D), share-based payments, and income taxes. This publication explores these areas as they relate to technology companies and serves as a companion piece to existing PwC publications including IFRS and US GAAP: Similarities and Differences and Preparing Your First Financial Statements: Adopting IFRS.