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    IFRS vs US GAAP in 2020: Top 5 Most Common Differences

    by Silvia

    A few years ago I wrote an article about differences between IFRS and US GAAP. And, I was completely wrong! Why? I assumed, or better said – I expressed the hope that by 2015, we would have a single set of the global reporting standards….

    Financial Statements, Other Topics 11
    IFRS 9 vs. US GAAP

    IFRS 9 vs. US GAAP – Coming Closer?

    by Silvia

    We all know that IASB and US standard’s setting body FASB work together in order to prepare a single set of global accounting standards. Recently issued standard on revenue recognition, IFRS 15 and its American counterpart FAS 606 are a good example of these mutual…

    Financial Instruments 6
    US GAAP vs IFRS

    US GAAP vs IFRS

    by Silvia

    IFRS and US GAAP come closer to each other and the dream was to have a single set of the reporting standards until 2015. Now we know that that dream did not come true and there is still a long way to go. Until then, there…

    Current Assets, Financial Instruments, Other Topics, Revenue Recognition 34

    Practical IFRS Pack Newsletter

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    • hassan ali on IFRS 15 Explained: Full Guide on 5-step Model for Revenue Recognition + Free Journal Entries Template
    • BiG4 on IAS 23 Borrowing Costs Explained (2025) + Free Checklist & Video

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