GAAP reports in detailed, precise formats; IFRS allows flexible, principle-based reporting. GAAP does not permit asset value recovery post-impairment; IFRS allows revaluation. IFRS does not mandate ...

In July 2009, the International Accounting Standards Board (IASB) released International Financial Reporting Standards designed for use by small and medium-sized entities (SMEs). IFRS for SMEs is a ...

For nearly 40 years, the International Accounting Standards Board (IASB) and its predecessor, the International Accounting Standards Committee (IASC), have been working to develop a set of ...

Azerbaijan discusses issues related to the replacement from 2015 of IFRS 39 standard "Financial Instruments: Recognition and Measurement" on IFRS 9 "Financial Instruments" Azerbaijan discusses issues ...

The changes to International Financial Reporting Standards pension reporting will take effect for all companies operating under UK generally accepted accounting principles for the period starting on ...