IFRS and US GAAPSimilarities and Differences
Entertainment and media companies are accustomed to dealing with competing standards - VHS versus Betamax and Blu-ray versus HD DVD - and the impact of fundamental market changes - such as the move to digital content and the entry into behavioral advertising.
Likewise, the move to International Financial Reporting Standards could significantly affect the day-to-day operations of entertainment and media companies and may even impact your reported profitability. PwC works with companies to help them prepare now to take advantage of IFRS and to avoid a resource-intensive effort at the eleventh hour.
PwC’s business consultants can assess what changes you should expect in financial reporting, risk management and capital management. Our areas of expertise: