"Fiat change from italian gaap to ifrs" Essays and Research Papers

Sort By:
Satisfactory Essays
Good Essays
Better Essays
Powerful Essays
Best Essays
Page 5 of 50 - About 500 Essays
  • Better Essays

    ACC 290 GAAP vs IFRS

    • 1287 Words
    • 4 Pages

    Comparing IFRS to GAAP ACC/ 291 11/3/2014 Lori Haines Comparing IFRS to GAAP GAAP Revenue Recognition GAAP rules for recognition are detailed regarding specific industries‚ such as real estate and software. It uses the "complete contract method" and has special rules for rendering software services. Organizations can recognize revenue from the sale of goods made delivery from a definitive agreement for a fixed fee that they are reasonably sure they will collect. Under GAAP‚ companies must wait until

    Premium Financial statements Generally Accepted Accounting Principles Income statement

    • 1287 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Recognition: IFRS and FASB Convergence With the growth of international business there is a need to standardize financial statements globally. Presently there are “approximately 120 foreign private issuers currently that report to the Commission using IFRS financial statements.” By standardizing accounting practices investors will be able to make informed decisions based on comparability and accuracy of financial statements. The SEC released this statement in 2008‚ “We believe that IFRS has the

    Premium International Financial Reporting Standards Generally Accepted Accounting Principles Financial Accounting Standards Board

    • 1927 Words
    • 8 Pages
    Powerful Essays
  • Best Essays

    Gaap vs Ifrs Pension Acctg

    • 2665 Words
    • 11 Pages

    Is the Difference in Accounting Treatment of Post-Retirement Benefits under IFRS Beneficial or Detrimental to the Financial Position of a Company Currently Reporting Under US GAAP? Megan N. Cook‚ CPA‚ CFE Accountancy 521 Professor Lawrence March 9‚ 2009 The first pension plan offered by an American employer was that of American Express in the year 1875. Amex’s plan did not resemble the plans that we see in today’s time; the first “modern” defined benefit plan was created

    Premium Pension Financial statements Generally Accepted Accounting Principles

    • 2665 Words
    • 11 Pages
    Best Essays
  • Satisfactory Essays

    Differences between Nigerian GAAP and IFRS Similar to the United States‚ the transition from GAAP to IFRS in Nigeria involves dual reporting‚ which satisfies reporting requirements for both accounting models while the reconciliation occurs. Because of ongoing convergence projects‚ the extent of the specific differences between IFRS and GAAP is shrinking. Yet significant differences do still remain. Such differences exist in the structure of an annual report. Formally known as the “Profit and Loss

    Premium Depreciation Income statement Generally Accepted Accounting Principles

    • 443 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    U.S. GAAP vs. IFRS on Depreciation Generally‚ U.S GAAP and IFRS both view depreciation as allocation of cost over an asset’s life. There are three steps of the depreciation process: firstly find depreciable base of the asset‚ and then estimate asset’s useful life and last choose a method of cost apportionment that best matches revenue flow from the asset. Depreciation methods allowed under U.S. GAAP include straight-line‚ units of production‚ or accelerated methods (sum of digits or declining

    Premium Depreciation Generally Accepted Accounting Principles

    • 470 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    ACC 290 IFRS v. GAAP

    • 1158 Words
    • 4 Pages

    Comparing IFRS to GAAP Essay ACC/290 November 24‚ 2014 Comparing IFRS to GAAP Paper Although the International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) have a lot of similar guidelines and expectations‚ they also differ in many ways. The IFRS employs more of a “principles based” accounting standards whereas GAAP utilizes more of a “rules based” approach. Even though there are differences between terminology‚ revenue recognition‚ gains and/or losses

    Premium Balance sheet Generally Accepted Accounting Principles Financial statements

    • 1158 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    Comparing IFRS to GAAP Brandi A. Collins ACC/291 April 27‚ 2015 Comparing IFRS to GAAP Essay Both the FASB and the IASB together moving to the fair value capacity for the financial instruments. FASB and ISAB both want to move towards a fair value capacity. Both the FASB and IASB believe in the fair value capacity to produce a more precise explanation for the company’s financial records. There’s a difference in opinions between the two agreeing and disagreeing on the aspects like as‚ the banks

    Premium International Financial Reporting Standards Generally Accepted Accounting Principles Financial statements

    • 710 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    IFRS US GAAP Swiss GAAP FER Summary of similarities and differences 2007/2008 Edition 1 IFRS – US GAAP – Swiss GAAP FER Summary of similarities and differences 2007/2008 Edition This PricewaterhouseCoopers publication is for those who wish to gain a broad understanding of the key similarities and differences between IFRS‚ US GAAP and Swiss GAAP FER. No summary publication can do justice to the many differences of detail that exist between IFRS‚ US GAAP and Swiss GAAP FER. Even if the guidance

    Premium Balance sheet Generally Accepted Accounting Principles

    • 6035 Words
    • 25 Pages
    Powerful Essays
  • Satisfactory Essays

    Nicole Brown ACCT 400 Professor Pitre 14 September 2010 IFRS vs. GAAP (Oil & Gas) The differences between International Financial Reporting Standards (IFRS) and current U.S. GAAP are numerous. International Financial Reporting Standards (IFRS) are principles-based Standards‚ Interpretations and the Framework (1989) adopted by the International Accounting Standard Board (IASB). Many of the standards forming part of IFRS are known by the older name of International Accounting Standards

    Premium

    • 389 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    IFRS and US GAAP use different methods to classify intangible assets‚ which can lead to significant consequences when it comes to financial judgments. Most differences arise from IFRS being more flexible with allowing capitalization. Under US GAAP‚ all research and development is expensed once it happens. Under IFRS‚ development is capitalized. Also‚ according to Intermediate Accounting‚ “IFRS permits some capitalization of internally generated intangible assets” (Kieso‚ 712)‚ while “GAAP requires

    Premium Depreciation Generally Accepted Accounting Principles Income

    • 426 Words
    • 2 Pages
    Good Essays
Page 1 2 3 4 5 6 7 8 9 50