IFRS vs. GAAP - CPA Financial Accounting and Reporting (FAR)

Under IFRS, no depreciation expense is recorded under the fair value method. Also under IFRS, gains and losses from fair value adjustments on investment property are recorded on the income statement.

Under IFRS, no depreciation expense is recorded under the fair value method. Also under IFRS, gains and losses from fair value adjustments on investment property are recorded on the income statement.

Both of these items should be disclosed under US GAAP. Generally, more pieces of information should be disclosed than less.

IFRS requires that the cost recovery method be used with an outcome of rendering services is uncertain.

Under IFRS, research related costs are expensed and development costs are capitalized

IFRS requires that the cost recovery method be used with an outcome of rendering services is uncertain.

Under IFRS, research related costs are expensed and development costs are capitalized

Under IFRS, no depreciation expense is recorded under the fair value method. Also under IFRS, gains and losses from fair value adjustments on investment property are recorded on the income statement.

Under IFRS, no depreciation expense is recorded under the fair value method. Also under IFRS, gains and losses from fair value adjustments on investment property are recorded on the income statement.

Both of these items should be disclosed under US GAAP. Generally, more pieces of information should be disclosed than less.

IFRS requires that the cost recovery method be used with an outcome of rendering services is uncertain.

Under IFRS, research related costs are expensed and development costs are capitalized

Under IFRS, no depreciation expense is recorded under the fair value method. Also under IFRS, gains and losses from fair value adjustments on investment property are recorded on the income statement.

Under IFRS, no depreciation expense is recorded under the fair value method. Also under IFRS, gains and losses from fair value adjustments on investment property are recorded on the income statement.

Both of these items should be disclosed under US GAAP. Generally, more pieces of information should be disclosed than less.

IFRS requires that the cost recovery method be used with an outcome of rendering services is uncertain.

Under IFRS, research related costs are expensed and development costs are capitalized

Under IFRS, no depreciation expense is recorded under the fair value method. Also under IFRS, gains and losses from fair value adjustments on investment property are recorded on the income statement.

Under IFRS, no depreciation expense is recorded under the fair value method. Also under IFRS, gains and losses from fair value adjustments on investment property are recorded on the income statement.

Both of these items should be disclosed under US GAAP. Generally, more pieces of information should be disclosed than less.