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15.1 Other accounting and reporting topics
Publication date: 28 Feb 2022
us IFRS & US GAAP guide
In addition to areas previously discussed, differences between US GAAP and IFRS exist in a multitude of other standards, including translation of foreign currency transactions, calculation of earnings per share, disclosures regarding operating segments, and discontinued operations treatment. Differences also exist in the presentation and disclosure of annual and interim financial statements; however, each of the boards has several projects in progress which may impact some of these differences.
Technical references
US GAAP
ASC 205, ASC 205-20, ASC 230, ASC 260, ASC 280, ASC 360-10, ASC 830, ASC 830-30-40-2 through 40-4, ASC 850, ASC 853
IFRS
IAS 1, IAS 7, IAS 8, IAS 21, IAS 23, IAS 24, IAS 29, IAS 32, IAS 33, IFRS 1, IFRS 5, IFRS 7, IFRS 8, IFRIC 12
Note
The following discussion captures a number of the more significant GAAP differences. It is important to note that the discussion is not inclusive of all GAAP differences in each area.
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