🌐 Global Reporting

IFRS, US GAAP & global standards

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14 articles found

advanced 6 min

IFRS 15 Revenue Recognition: The 5-Step Model Explained

Master the IFRS 15 (Ind AS 115) 5-Step Model for Revenue from Contracts with Customers. Learn how to identify performance obligations and recognize revenue correctly.

15 Aug 2026

advanced 7 min

IFRS vs US GAAP: Key Differences Explained for Global Teams

A high-level guide comparing International Financial Reporting Standards (IFRS) with US Generally Accepted Accounting Principles (US GAAP). Learn the differences in LIFO, revenue recognition, and impairment.

15 Aug 2026

intermediate 5 min

Admissibility of Deferred Tax Assets (SSAP No. 101)

A deep dive into the complex three-component calculation insurance companies must use to determine the admissibility of their DTAs.

3 Aug 2026

advanced 6 min

Goodwill Impairment Testing: IFRS vs. US GAAP

Explain the divergence where IFRS uses a one-step value-in-use test, whereas US GAAP compares fair value directly.

3 Aug 2026

advanced 6 min

IAS 24 (Related Party Disclosures): Exposing Conflicts of Interest

How related party transactions can harm minority shareholders, and how IAS 24 exposes these conflicts of interest.

3 Aug 2026

advanced 6 min

IAS 38 (Intangible Assets) Debate: Internally Generated vs. Acquired

Discuss why internally generated intangible assets are difficult to capitalize and how they compare to acquired intangibles.

3 Aug 2026

advanced 6 min

IAS 41 (Agriculture) and Biological Assets

Understand fair value accounting for livestock and crops, and how biological assets can be manipulated, citing real-world fraud cases.

3 Aug 2026

advanced 6 min

IFRS 18 Masterclass: The New Income Statement (Applicable 2027)

A masterclass on the biggest change to the income statement, mandating Operating, Investing, and Financing categories, and MPM disclosures.

3 Aug 2026

advanced 6 min

IFRS 19: Subsidiaries without Public Accountability

Explain this brand-new standard (effective 2027) that allows eligible subsidiaries to significantly reduce their disclosure burdens.

3 Aug 2026

advanced 6 min

IFRS 20: Rate-Regulated Activities

Guide companies in the utilities and transport sectors on this new accounting model requiring the recognition of regulatory assets and liabilities.

3 Aug 2026

advanced 6 min

IFRS 9 (Financial Instruments) and the ECL Model

How the shift from the 'incurred loss' model to the 'Expected Credit Loss' (ECL) model helps banks predict future risks.

3 Aug 2026

advanced 6 min

Lease Accounting: IFRS 16 vs. ASC 842

Highlight the biggest remaining difference: IFRS treats every lease as a finance lease, while US GAAP retains a dual model.

3 Aug 2026

intermediate 5 min

Mastering Tax Credit Investments (SSAP No. 93 & 94)

Break down the new conceptual revisions requiring the use of the proportional amortization method for all qualifying tax credit structures.

3 Aug 2026

intermediate 5 min

The New Principle-Based Bond Definition (SSAP No. 26 & 43)

Explain the massive overhaul in how US insurance entities classify long-term bonds, detailing 'issuer credit obligations' vs 'asset-backed securities'.

3 Aug 2026