"Gaap and ifrs research paper" Essays and Research Papers

Sort By:
Satisfactory Essays
Good Essays
Better Essays
Powerful Essays
Best Essays
Page 10 of 50 - About 500 Essays
  • Better Essays

    Gaap

    • 4788 Words
    • 20 Pages

    What is the prudence concept in accounting? Under the prudence concept‚ you should not overestimate the amount of revenues that you record‚ nor underestimate the expenses. You should also be conservative in recording the amount of assets‚ and not underestimate liabilities. Another way of looking at prudence is to only record a revenue transaction or an asset when it is certain‚ and to record an expense transaction or liability when it is probable. Another aspect of the prudence concept is that you

    Premium Generally Accepted Accounting Principles Balance sheet

    • 4788 Words
    • 20 Pages
    Better Essays
  • Powerful Essays

    IFRS CHALLENGES

    • 5396 Words
    • 22 Pages

    2011. Pp.125 - 136 IFRS Implementation in India: Opportunities and Challenges Pawan Jain1 One of the foremost requirements to operate a Business successfully is to have a good financial reporting system in place. Keeping this in mind‚ Accounting Professionals and Accounting Bodies across the globe‚ during last decade‚ had tried to put a financial reporting system in place which is harmonized‚ robust and have extensive applicability. IASB (formerly IASC) came out with IFRS which were adopted

    Premium International Financial Reporting Standards Financial statements International Accounting Standards Board

    • 5396 Words
    • 22 Pages
    Powerful Essays
  • Powerful Essays

    IFRS 13

    • 2459 Words
    • 10 Pages

    ey.com/IFRS Issue 2 / May 2011 IFRS Developments What you need to know • Common requirements now exist between US GAAP and IFRS on how to measure fair value • IFRS 13 does not change when an entity is required to use fair value‚ but rather‚ provides guidance on how to measure the fair value of financial and non-financial assets and liabilities when required or permitted by IFRS • While many of concepts in IFRS 13 are consistent with current practice‚ certain principles‚ such

    Premium Asset International Financial Reporting Standards Balance sheet

    • 2459 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    Corporations in Australia have started adopting IFRS as its domestic financial reporting standards since 2005. Although AIFRS applied almost whole contents and wording of IFRS‚ owing to the different domestic legislative environment‚ some modifications were needed and included the removal of certain options permitted or wording changes under IFRS. The species of these differences that exist between IFRS and AIFRS can be universally sorted as follow: 1. Recognition differences. 2. Measurement

    Premium Financial statements International Financial Reporting Standards Balance sheet

    • 591 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Us Gaap vs. Prc Gaap

    • 276 Words
    • 2 Pages

    US GAAP vs. PRC GAAP 1. Overview of US GAAP Components of US GAAP - Financial Accounting Standards Board / Financial Accounting Standards - Accounting Research Bulletin - Accounting Principles Board - Emerging Issues Task Force - Statements of Position from AICPA (American Institute of Certified Public Accountants) - SEC (Securities and Exchange Commission) rules Hierarchy of pronouncements under US GAAP - FASB‚ APB & ARB - FASB Technical Bulletin‚ AICPA Statements

    Premium Generally Accepted Accounting Principles Balance sheet Financial Accounting Standards Board

    • 276 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Ifrs 6

    • 1276 Words
    • 6 Pages

    International Financial Reporting Standards (IFRS) 6 Exploration for and Evaluation of Mineral Resource International Financial Reporting Standard (IFRS) 6‚ The exploration for and evaluation of mineral resources‚ is defined as “The search for mineral resources including minerals‚ oil‚ natural gas and similar non-regenerative resources after the entity has obtained legal rights to explore in a specific area‚ as well as the determination of the technical feasibility and commercial viability of

    Premium International Financial Reporting Standards Asset International Accounting Standards Board

    • 1276 Words
    • 6 Pages
    Better Essays
  • Best Essays

    Task 2: Discuss the fear expressed by the chairman of SEC (USA) that there is a possibility of the world moving towards at least three versions of IFRS- namely IASB IFRS‚ EU IFRS and US IFRS. Introduction With the introduction of International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS)‚ the world is one step closer to achieving a global set of accounting standards comprehensible by different users of financial statement worldwide. The benefits of using these

    Premium International Financial Reporting Standards Financial statements

    • 3863 Words
    • 16 Pages
    Best Essays
  • Satisfactory Essays

    Mexican Gaap vs Us Gaap

    • 612 Words
    • 3 Pages

    | MEXICAN GAAP (MEXICAN FRS) | US GAAP | Inflation | Effects of inflation should be recorded on the financial statement.Included in the results of operations is a gain or loss from monetary position that represents the inflation gain or loss from maintaining net monetary liabilities or assets‚ respectively. | In the U.S. GAAP no gain or loss on monetary position is recognized in the financial statements. | Deferred Taxes | Mexican GAAP recognizesDeferred tax effects for all transactions that

    Premium Generally Accepted Accounting Principles Balance sheet

    • 612 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    items should be sufficiently detailed to enable identification of material components under US GAAP. In contrast the Financial Instruments and Exchange Act requires Japanese GAAP to present items in a more detailed manner compared to IFRS and US GAAP. Thus Bridgestone‚ following JP GAAP have more accounts on the face of the balance sheet than Goodyear under US GAAP. Further‚ both US GAAP and JP GAAP requires the balance sheet items to be grouped or categorized as current assets‚ property plant

    Premium Generally Accepted Accounting Principles Balance sheet Accounts receivable

    • 659 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Ifrs in India

    • 2564 Words
    • 11 Pages

    IFRS... in India International Financial Reporting Professor Uri Ronnen Year:2012/2013 Table of Contents What is IFRS?...........................................................................................................2 What is the difference between Adoption and Conversion of IFRS ...............4 The current situation of Accounting India :If the conversion is not a problem the total adoption is still delayed ………………..........................………

    Premium International Financial Reporting Standards Balance sheet Generally Accepted Accounting Principles

    • 2564 Words
    • 11 Pages
    Powerful Essays
Page 1 7 8 9 10 11 12 13 14 50