In this chapter we have aimed to bring together some of the main differences between US GAAP and IFRS. They are mentioned where appropriate in the text elsewhere, but this chapter may be useful to people who work with both comprehensive bases of accounting. We would underline that the spirit of convergence would suggest that these differences will disappear over time.

Get An Executive Guide to IFRS: Content, Costs and Benefits to Business now with the O’Reilly learning platform.

O’Reilly members experience live online training, plus books, videos, and digital content from nearly 200 publishers.