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Articles tagged with: US GAAP

AUDIT, CONSOLIDATION, DOCUMENTS, EVENTS, FINANCIAL INSTRUMENTS, IAS 16, IFRS, OTHER IFRS, TRAINING, UK, USA »

[3 May 2013 | One Comment | 676 views]
IFRS LIST.com 2013-05-03 20:08:51

Hello everyone!
Can somebody help me?  Which public companies provide their reports both in accordance with IFRS and GAAP ?
Thank you beforehand for help!

DOCUMENTS, EVENTS, MIAMI, USA »

[20 Jun 2012 | Comments Off | 81 views]
IASeminars Course 2003: US GAAP Essentials – Miami – 15% discount – 17th September 2012 (3 days)

Course Summary
This three-day course provides a detailed overview of the technical issues faced in producing US GAAP financial statements.
The program covers, through the use of illustrative financial statements and exercises:

Sources of US GAAP
GAAP…

DOCUMENTS, EVENTS, MIAMI, USA »

[24 Jan 2012 | Comments Off | 72 views]
IASeminars Course 2081: US GAAP Technical Update – Miami – 15% discount – 26th April 2012 (2-day course)

Course Summary
This two-day course offers participants the benefits of both a US GAAP technical update and a workshop on the FASB Accounting Standards Codification. The first day of the course comprises a technical update that brings delegates up-to-da…

DOCUMENTS, EVENTS, MIAMI, USA »

[24 Jan 2012 | Comments Off | 66 views]
IASeminars Course 2003: US GAAP Essentials – Miami – 15% discount – 23 April 2012 (3 days)

Course Summary
This three-day course provides a detailed overview of the technical issues faced in producing US GAAP financial statements.
The program covers, through the use of illustrative financial statements and exercises:

Sources of US GAAP
GAAP …

EVENTS, IFRS »

[18 Jun 2009 | One Comment | 2,578 views]

The AICPA and IASC Foundation’s International Financial Reporting Standards (IFRS) in North America 2009 (October 29-30, 2009 in New York with Pre-Conference Workshops October 28) conference features in-depth presentations, panel discussions and extensive Q&A sessions on the most current developments impacting you and your organization with Sir David Tweedie from the IASB, Bob Herz from the FASB, leaders from other U.S. Regulatory bodies in addition to Paul Volcker (participtation is subject to confirmation), Chairman, U.S. Economic Recovery Advisory Board. Delegates will hear from companies that have already adopted IFRS, giving …

BUSINESS COMBINATION, CONSOLIDATION, DOCUMENTS »

[11 Apr 2009 | No Comment | 5,031 views]
Entries – Consolidation of financial statements

Dear All,
Request your valuable advice on the entries to be passed in the books of 1. Consolidated company 2. Stand Alone Parent Company for the purchase of shares on March 1,2009 and also the treatment of Goodwill.
Company X had already acquired 50 % …

IFRS »

[15 Dec 2008 | No Comment | 2,944 views]

Dear Every one,

Can any one help to solve the following problems:
   
Say, XY is a joint venture company between X & Y with 70:30 proportion with issued capital of  $100. Now, Y intends to offload its share to Z company for a consideration of $ 80.
Now the question is how this investment would be shown in Z company’s F/S and which IAS/IFRS will cover this transaction ?
 
Also can any one share reconciliation between IFRS and US GAAP F/S ?
 
Advance thanks to every one
 
 
MM

Hi there,

My answer would be the following:
Y has a …

LOCAL GAAP vs IFRS »

[15 Dec 2008 | No Comment | 5,711 views]

Do anyone know where I can download copy of US GAAP and US GAAP APB?

Thanks Dessanti for your answer
Our position is less than 1%, we bought in the active market Euro a
little position to speculate in market price.
The IAS 39 don’t include equity investment as applicable financial
asset to recognized the gain or loss in foreign exchange in the
current period income statement, as its explain as follows:
Available-for-sale financial assets (AFS)…. … Fair value changes on
AFS assets are recognised directly in equity, through the statement of
changes in equity, except for interest on …

IFRS »

[15 Dec 2008 | No Comment | 2,460 views]

Hi all,
A non-profit organisation based in Virginia, USA was donated part of
real estate’s value.Currently the real estate is being adminstered by
an agent.I would appreciate if any one could hint me what both IFRS
and USGAAP recommends for treating such transaction.
Thank you
Aklilu

Hi,
When you say value, I assume a cash donation was made to buy the
property. Is the property been transferred in the name of this
organization. If it has, this means that risks and rewards of
ownership have been trasferred.
I would assume, IAS 20, Grant accounting rules will need to be followed.
The amount of …

IAS 38 »

[15 Dec 2008 | No Comment | 5,252 views]

Dear All ,
can anyone help me with an urgent answer on the below question :
- If we purchase software licences for office programs like (
Microsoft , power point etc ). and we renew the same every year
do we need to capitalize this cost or expense it ( Please note that
i’m not talking about operation or accounting software’s ) I’m talking
about licences like Microsoft ( office software’s).
regards
Tony

Hi Tony,
General software costs should be expensed as they do not meet IAS 38
recognition criteria.
regards,
Aida

The cost of software license is an expense recognized in the …

AUDIT, CONSOLIDATION, DOCUMENTS, IAS 36, IFRS »

[14 Dec 2008 | No Comment | 3,738 views]
Impairment Goodwill

Por favor podría alguien indicarme en donde puedo encontrar
información sobre metodologías para la medición del deterioro del
Goodwill. Sería Adecuado usar multiplos como base para su medición.
Please could someone tell me where can I find inform…

OTHER GAAP »

[28 Aug 2008 | No Comment | 2,582 views]

Hi there,
 
I am looking for any guidance, material or websites etc on FIN 48 under the US GAAPs. Can anyone provide the same?
 
Best regards,
 

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IFRS »

[28 Aug 2008 | No Comment | 3,338 views]

On the date of transition, a company could choose, as it´s deemed cost, historical cost if the previous gaap is not significantly different than IFRS or fair value for PPE, Intangibles and Investment property. I am not sure if I have it clear but under IAS 16, one can choose the deemed cost on a per-item basis on the date of transition.
Is the option at date of transition to use FV or historical cost on a per-item basis available for IAS 40 Investment Properties and IAS 38 Intangibles?
For measurement after recognition, all …

IFRS »

[28 Aug 2008 | No Comment | 2,613 views]

Hi all!
Can you tell me the journal entry of this prblem…
Goods sold Rs.10000
Discount on cash payment 5% 
Add tax 4%
Plz journalize it!

Sales                    10.000 Credit
Sales discounts          500 Debit
Tax payable               380  Credit
Cash                      9.880 Debit

Is this IFRS related? Or is this an accounting course exercise?
Cagri Gurses wrote:

Agree with the below. However, not sure if he means 4% tax on the 10k or
inclusive in the 10 k. If over and above, then theJEs could look like this
as shown below (broken down for easy understamding). I dont think if it is
inclusive in the 10k that …

IFRS »

[28 Aug 2008 | No Comment | 3,645 views]

Henk willl provide the answer
 
Henk can you re-explain the whole story again i.e.
 
1. You mention we still have to use IAS until IFRS is more official, please restate the IAS link
2. Please re-state the IFRS link (is the one you sent for instance re FRS 38 in the other E-Mail)
3. Finally please send a link for the US GAAP/FASB, I want to have my library as opposed to relying on the PDF documents which outline differences between US GAAP, IFRS and local GAAP
 

Hello all,

I was wondering what the best ways …

IFRS »

[28 Aug 2008 | No Comment | 10,120 views]

Hello,
Does anyone know where the best place to find
information on capitalizing internal software
development under IFRS?  Any links?  Which IAS/IFRS
standard is this covered under?
Thanks in advance for the help!

You raise an interest topic David,  I would like to see the view of others

In the meantime page 56 of the differences between IFRS and US GAAP might help you as in the latter some software deveopment costs can be capitalised which would imply that under IFRS they are not but let us see what the others say

I am sending this to you …

IFRS »

[28 Aug 2008 | No Comment | 3,593 views]

Hi all
For those companies who offer settlement discount, should we have an account to record the probable allowance for settlement discount or we should net it off against the revenue?
Thank you in advance.
Regards,

Nyasha Marauka

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IFRS »

[28 Aug 2008 | No Comment | 1,930 views]

Dear all,
 
Iam Chartered Accountant based in india Hyderabad. I would like to learn about IFRS in detail. Can some one guide me where i could get training any where in India or Abroad.

Dayaniwas

Dear Diayaniwas,
 
So far no reputed institution offers a course on IFRS.  Although IFCAI, offers course on US GAAP, it also covers IFRS in brief.  If you happen to buy a book, you can refer, “Indian Accounting Standards” written by Prof. Asish Bhattacharya (Prof. IIM Cacutta) which speaks about IFRS, US GAAP, INIDAN GAAP, and differences between these three …

IFRS »

[28 Aug 2008 | No Comment | 3,175 views]

Good point Rita but the first question would be
 
a) Do you want that in the context of a Spanish sub which has a mother US GAAP company in a multinational or
b) Have you realised that the comparison which really matters is IFRS v US GAAP?
 
I am telling you this because I tried PWC website  in the past and neither for Spanish or German GAAP you get anything. I would like to get the German version v US GAAP because nobody seems to have done an analysis from the German code …

IFRS »

[28 Aug 2008 | No Comment | 2,641 views]

Hi all (specially Bertold)
 
I have never seen an English written publication which documents the differences between German and US GAAP in English. As Bertold is in Austria I enclose this PWC link which gives us a publication in German on the topic (sellable via an Austrian website) but it is very recent i.e. 2006. This would confirm my impression that noody has published a decent guide in English highlighting the differences between German and US GAAP.  Am I right or wrong?
 

sorry the link
 
http://www.pwc.com/extweb/pwcpublications.nsf/docid/8795D3E69FDC2C97802571B5002E5120

Jorge,

You are right, You wonŽt find an “up …