Bramasol

JULY 31, 2023

For leasing, this means International Accounting Standards Board’s (IASB’s) IFRS 16 and US GAAP Financial Accounting Standards Board’s (FASB’s) ASC 842. For revenue recognition, they also must comply with ASC 606 and IFRS 15.

Accounting 75

Accounting SAP GAAP IFRS 75

Bramasol

JUNE 10, 2022

For example, a company with branches doing business in the United States and the European Union will need to comply with both GAAP and IFRS accounting principles. Other key factors include where the company stands with regard to implementing new accounting standards (ASC 606, IFRS 15, ASC 842, IFRS, 16, etc.)

Accounting Principles 85

Accounting Principles IFRS SAP Accounting 85

Musings on Markets

JANUARY 9, 2021

For instance, I have always computed the present value of lease commitments in future years and treated that value as debt, a practice that IFRS and GAAP have adopted in 2019, but that computation requires explicit disclosures of lease commitments in future years.

Valuation 52

Valuation Currencies Numbers Corporate Finance 52

Planful

JANUARY 3, 2017

Treasury and cash management. These systems provide built-in support for complexities such as currency translation, intercompany eliminations, and reporting under multiple accounting guidelines, such as US GAAP or IFRS. Here are some of the key processes supported by an ERP system: Purchasing. Accounts payable.

General Ledger 40

General Ledger Budgeting Forecasting Cash Flow Forecasting 40