07-14-2009, 07:07 PM
I would urge you to read <b>"IFRS and US GAAP Similarities and Differences"</b> published by PriceWaterhouseCoopers and is available on the following link
http//www.pwc.com/extweb/pwcpublications.nsf/docid/598E9D7EDF5239A0852574AB00659431/$File/IFRS_USGAAPSep08.pdf
Efforts are underway to converge and harmonize IFRS and US-GAAP. The US Securities and Exchange Commission has announced that a mandatory two year dual-reporting period would begin for most companies in 2012, with IFRS only required by 2014. see page 8 of the following
https//www.sdn.sap.com/irj/scn/go/portal/prtroot/docs/library/uuid/60eecedc-7ff0-2b10-b2be-c329c1114298?overridelayout=true
http//www.pwc.com/extweb/pwcpublications.nsf/docid/598E9D7EDF5239A0852574AB00659431/$File/IFRS_USGAAPSep08.pdf
Efforts are underway to converge and harmonize IFRS and US-GAAP. The US Securities and Exchange Commission has announced that a mandatory two year dual-reporting period would begin for most companies in 2012, with IFRS only required by 2014. see page 8 of the following
https//www.sdn.sap.com/irj/scn/go/portal/prtroot/docs/library/uuid/60eecedc-7ff0-2b10-b2be-c329c1114298?overridelayout=true
