Search within this section
Select a section below and enter your search term, or to search all click IFRS and US GAAP: similarities and differences
Favorited Content
5.7 Capitalization of employee benefit costs
Publication date: 30 Nov 2022
us IFRS & US GAAP guide
IFRS does not specify which components of net benefit costs are eligible for capitalization. US GAAP specifies which components of net benefit cost are eligible to be capitalized (for example, as a cost of inventory or self-constructed assets).
US GAAP | IFRS |
Only service cost is eligible to be capitalized.
| IFRS does not specify which components of net benefit costs are eligible for capitalization. Therefore, there could be a difference in the components of costs capitalized.
|
PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.
Link copied
