Today IFRS and US GAAP are the two most widely used accounting frameworks worldwide. Despite ongoing work towards convergence of these two major accounting frameworks, some material differences remain. Accounting practitioners around the globe are challenged daily dealing with the converting of financial statements from US GAAP to IFRS and vice versa.
In this white paper, Alexandra Supper, Knowledge Consultant at LucaNet AG, will provide you with a brief overview of the must-know similarities and differences between the US GAAP and IFRS Standards. Finance professionals will find some hints and tips on how the LucaNet software can assist them in preparing multi-GAAP financial statements.
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