IFRS and US GAAP, with Website: A Comprehensive Comparison

INDEX

A

Accounting for consolidation, 153, 154. See also Investments in subsidiaries

Accounting mismatch, 46

Accounting policies

change in, 70, 76, 84, 124

IAS 8, Accounting Policies and Errors, 35, 51, 69, 90, 99

investments in subsidiaries, 165, 166

Accounting standards, overview, 1–3

Accounting Standards Codification (ASC)

about, 2, 3

numbering of statements, 2, 3

ASC 323, Investments – Equity Method and Joint Ventures, 136, 154–156, 159–164, 166, 167

ASC 330, Inventory, 22

ASC 360, Property, Plant, and Equipment, 190– 195, 197–199

ASC 420, Exit or Disposal Cost Obligations, 31, 32

ASC 605, Revenue Recognition, 72, 73, 78, 88–100, 110

ASC 715, Compensation – Retirement Benefits, 174–178, 180–182, 184

ASC 740, Income Taxes, 114, 116–127

ASC 810, Consolidation of Variable Interest Entities, 135–141, 151– 153, 165, 166, 181

ASC 840, Leases, 60, 62, 63, 65, 66

ASC 908, Airlines, 100

ASC 912, Contractors – Federal Government, 100–102

ASC 924, Entertainment – Casinos, 104

ASC 926, Entertainment – Films, 102, 103

ASC 928, Entertainment – Music, 97

ASC 932, Extractive Activities – Oil and Gas, 104, 105

ASC 940, Financial Services – Brokers and Dealers, 105, 106

ASC 946, Financial Services – Investment Companies, 107–109, 141, 158

ASC 952, Franchisors, 109

ASC 954, Health Care Entities, 109

ASC 958, Not-for-Profit Entities, 109, 143, 144, 146–149

ASC 985, Software, 35, 69, 74, 75, 78–86

Accounting Standards Updates (ASU)

about, 6

goodwill impairment test, 7

ASU 2011-04, Fair Value Measurement ...