Discover the key differences in inventory accounting between GAAP and IFRS, including valuation methods, write-down reversals, and costing formulas.

Currently, only 40 of the 1,200 foreign private issuers that file with the SEC use IFRS to prepare financial statements for American investors. In an SEC statement released in late April, Nicolaisen ...

Have There Been Benefits to the Convergence Process? Gven this background, the purpose of this discussion is twofold: to provide a review of the events surrounding the convergence movement over the ...

We are rapidly heading towards a world where there are two main financial reporting systems ? US GAAP accounting, used by the largest part of the global capital market, and International Financial ...

Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies. International ...