The Handbook to IFRS Transition and to IFRS U.S. GAAP Dual Reporting

Interpretation, Implementation and Application to Grey Areas

Francesco Bellandi

• Publisher: Wiley
• Year: 2012
• ISBN:
  9781119960348
• Edition: 10
• Topic: Business
• Subtopic: Financial Accounting
• Index: Business

An indispensable guide to making the transition to dual IFRS/GAAP financial reporting

U.S. financial reporting will undergo an unprecedented level of change within the next several years. U.S. companies face a convergence between U.S. GAAP and IFRS, affecting several major accounting standards—most notably in the areas of leasing, revenue recognition, and financial instruments. It is imperative that U.S. companies understand these major changes and their business and operational implications. The IFRS U.S. GAAP Dual Reporting Handbook to First-Time Adoption offers a comprehensive treatment of both the principles and techniques of dual reporting under IFRS/U.S. GAAP, while exploring the practical implications for accounting professionals of reporting under both sets of standards.

• Takes an operating approach to the implementation and application of the dual standards
• Draws upon the author's extensive firsthand experience to dispel uncertainty and offer decision makers expert technical assistance
• Defines systemic changes businesses will need to make to accommodate IFRS standards
• Compares the two bodies of standards item-by-item and identifies solutions under one set of standards to issues arising under the other
• Explores the strategic impact of structuring a company for IFRS transition

In addition to covering the full range of critical issues surrounding adopting IFRS, this indispensable handbook is a rich resource of dual reporting tools, including financial statement formats, charts of accounts, accounting check-lists, reconciliation schedules, and operating manuals.

Table of contents

• Cover
• Title Page
• Copyright
• Dedication
• Preface
• About the Author
• Chapter 1: Introduction and Scope of Book
• Chapter 2: IFRS First-Time Adoption Requirements and Interaction with U.S. GAAP and SEC Rules and Regulations
• Chapter 3: Dual Reporting for The Statement of Financial Position
• Chapter 4: Dual Reporting for the Statements of Income
• Chapter 5: Dual Reporting for the Statement of Cash Flows
• Chapter 6: Dual Reporting for The Statement of Changes in Equity
• Chapter 7: Dual Reporting for Interim Financial Statement
• Table of Exhibits
• Bibliography
• Index