Discover the key differences in inventory accounting between GAAP and IFRS, including valuation methods, write-down reversals, and costing formulas.

With the increasing acceptance of IFRS in the global economy and its possible adoption in the U.S., CPAs are keenly interested in developing a broader understanding of international standards. A major ...

Conversion to IFRS will be far more than a technical accounting exercise. Implementing IFRS will impact many, if not all, aspects of your business operations, including information technology. It may ...

The International Financial Reporting Standards developed by the International Accounting Standards Board present guidelines for reporting the financial activities of a business. Similar to generally ...

The International Accounting Standards Board issued a set of amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures, enabling it to complete the catch-up work it had planned to ...

The IFRS Foundation has unveiled new e-learning modules to aid organisations in comprehending the standards set by the International Sustainability Standards Board (ISSB). The modules address ...

Forbes contributors publish independent expert analyses and insights. Mary Foley covers ESG & sustainability regulation. Meanwhile, as these naysayers were bickering about the details of each ...

“A well-architected solution.” “A solution clearly designed to meet regulatory requirements and industry needs.” “Combines speed, forecasting and reporting to cover core IFRS 9 requirements ...

Forbes contributors publish independent expert analyses and insights. Mary Foley covers ESG & sustainability regulation. Just about one year ago, I wrote in these pages that the sustainability ...

For regulators and supervisory authorities in Bangladesh, IFRS from 2026 onwards offers a more nuanced lens to assess institutional soundness. Rather than relying solely on compliance checklists, ...

Discover the key differences between IFRS and GAAP accounting standards, and learn how they impact financial reporting for businesses globally.