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U.S. GAAP Codification IFRS International Standards Accounting Standards, ASC


IFRS and U.S. GAAP
Comparison by Topic


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Chapter 1: Financial Reporting Standards

Section 1100: U.S. GAAP Codification
      U.S. GAAP

Section 1200: International Financial Reporting Standards
      IFRS



Chapter 2: Financial Statements


Section 2100: Financial Statements

Section 2110: Financial Statements Overview
      IFRS
      U.S. GAAP

Section 2120: Balance Sheet
      U.S. GAAP

Section 2130: Income Statement
      U.S. GAAP

Section 2140: Statement of Cash Flows
      IFRS
      U.S. GAAP

Section 2150: Statement of Shareholder Equity
      U.S. GAAP

Section 2160: Notes to Financial Statements
      U.S. GAAP


Section 2200: Other Presentation Topics

Section 2210: Comprehensive Income
      U.S. GAAP

Section 2219: Examples of Other Comprehensive Income in U.S. GAAP
      U.S. GAAP

Section 2220: Reporting Noncontrolling Interests
      U.S. GAAP

Section 2230: Extraordinary Items
      U.S. GAAP

Section 2240: Discontinued Operations
      U.S. GAAP

Section 2250: Offsetting
      U.S. GAAP

Section 2300: Earnings per Share
      IFRS
      U.S. GAAP

Section 2400: Interim Reporting
      IFRS
      U.S. GAAP

Section 2500: Accounting Changes and Error Correction
      IFRS
      U.S. GAAP

Section 2600: Operating Segments
      IFRS
      U.S. GAAP

Section 2700: Related Party Disclosures
      IFRS
      U.S. GAAP

Section 2800: Subsequent Events
      IFRS
      U.S. GAAP

Section 2900: Other Topics
      U.S. GAAP



Chapter 3: Assets


Section 3100: Current Assets

Section 3110: Overview of Current Assets
      U.S. GAAP

Section 3120: Imputation of Interest
      U.S. GAAP

Section 3130: Impairment of a Loan
      U.S. GAAP

Section 3140: Inventory
      IFRS
      U.S. GAAP

Section 3150: Capitalized Advertising Costs
      U.S. GAAP

Section 3190: Other Current Assets
      U.S. GAAP


Section 3200: Property, Plant and Equipment

Section 3210: Property, Plant and Equipment
      IFRS
      U.S. GAAP

Section 3220: Capitalization of Interest Costs
      IFRS
      U.S. GAAP

Section 3230: Nonmonetary Asset Exchanges
      U.S. GAAP

Section 3240: Impairment of Long-lived Assets
      IFRS
      U.S. GAAP

Section 3250: Assets Held for Sale
      IFRS


Section 3300: Intangible Assets


Section 3310: Goodwill
      U.S. GAAP

Section 3320: Other Intangible Assets
      IFRS
      U.S. GAAP

Section 3330: Accounting for Software
      U.S. GAAP

Section 3340: Web-site Development Costs
      U.S. GAAP

Section 3350: Internal-use Software
      U.S. GAAP


Section 3400: Investments

Section 3410: Overview of Investments
      U.S. GAAP

Section 3420: Cost Method Investments
      U.S. GAAP

Section 3430: Investments in Associates
      IFRS
      U.S. GAAP

Section 3440: Joint Ventures
      IFRS
      U.S. GAAP

Section 3500: Investment Property
      IFRS

Section 3600: Mineral Resources
      IFRS

Section 3700: Biological Assets
      IFRS

Section 3900: Other Assets







Chapter 4: Financial Instruments

Section 4100: Presentation of Financial Instruments
      IFRS
      U.S. GAAP


Section 4200: Recognition and Measurement of Financial Instruments

Section 4210: Recognition and Measurement of Financial Instruments
      IFRS
      U.S. GAAP

Section 4220: Overview of Investments in Other Entities
      U.S. GAAP

Section 4230: Reclassification of Investments in Securities
      U.S. GAAP

Section 4240: Fair Value Option
      U.S. GAAP

Section 4250: Fair Value Measurements
      U.S. GAAP

Section 4300: Derivatives and Hedging
      IFRS
      U.S. GAAP

Section 4310: Derivatives

Section 4320: Embedded Derivatives

Section 4330: Hedging

Section 4400: Derecognition of Financial Instruments
      U.S. GAAP

Section 4410: Derecognition of Financial Assets

Section 4411: Sale of Financial Assets

Section 4420: Derecognition of Financial Liabilities

Section 4500: Disclosures of Financial Instruments
      IFRS
      U.S. GAAP

Section 4600: Insurance Contracts
      IFRS
      U.S. GAAP



Chapter 5: Liabilities and Equity

Section 5100: Liabilities
      IFRS
      U.S. GAAP

Section 5110: Overview of Liabilities

Section 5200: Contingencies and Commitments
      IFRS
      U.S. GAAP

Section 5210: Contingencies

Section 5220: Commitments and Guarantees

Section 5300: Debt and Other Liabilities
      U.S. GAAP

Section 5310: Debt

Section 5320: Asset Retirement and Environmental Obligations

Section 5330: Disposal Cost Obligations

Section 5340: Deferred Revenue

Section 5400: Separation of Liabilities and Equity
      U.S. GAAP

Section 5500: Equity
      U.S. GAAP

Section 5510: Overview of Equity

Section 5520: Stock Dividends, Stock Splits

Section 5530: Treasury Stock

Section 5590: Other Topics of Equity



Chapter 6: Revenue

Section 6100: Revenue
      IFRS
      U.S. GAAP

Section 6110: Revenue Recognition

Section 6120: Multiple-element Revenue Arrangements

Section 6190: Other Topics of Revenue

Section 6200: Construction Contracts
      IFRS
      U.S. GAAP

Section 6300: Government Grants and Assistance
      IFRS
      U.S. GAAP



Chapter 7: Expenses

Section 7100: Employee Benefits
      IFRS
      U.S. GAAP

Section 7200: Reporting by Employee Benefit Plans
      IFRS
      U.S. GAAP

Section 7300: Share-based Payments
      IFRS
      U.S. GAAP

Section 7400: Income Taxes
      IFRS
      U.S. GAAP

Section 7500: Other Expenses
      U.S. GAAP

Section 7510: Research and Development

Section 7520: Research and Development Arrangements

Section 7530: Costs of Software to Be Sold, Leased, or Marketed

Section 7590: Other Expenses



Chapter 8: Leases, Foreign Currency, Other Topics


Section 8100: Leases


Section 8110: Leases
      IFRS
      U.S. GAAP

Section 8120: Operating Leases
      U.S. GAAP

Section 8130: Capital Leases
      U.S. GAAP

Section 8140: Sale-Leaseback Transactions
      U.S. GAAP

Section 8200: Foreign Currency
      IFRS
      U.S. GAAP

Section 8300: Hyperinflationary Economies
      IFRS
      U.S. GAAP

Section 8400: Reorganizations
      U.S. GAAP

Section 8900: Other Topics



Chapter 9: Business Combinations and Consolidation

Section 9100: Business Combinations
      IFRS
      U.S. GAAP

Section 9200: Consolidated Financial Statements
      IFRS
      U.S. GAAP

 

Chapter 10: First-time Adoption of IFRSs

Section 10100: Exemptions and Exceptions
      IFRS





   IFRS 1 - IFRS 9
IFRS Overview
IFRS 1: First-time adoption of International Financial Reporting Standards
IFRS 2: Share-based payment
IFRS 3: Business combinations
IFRS 4: Insurance contracts
IFRS 5: Non-current assets held for sale and discontinued operations
IFRS 6: Exploration for and evaluation of mineral resources
IFRS 7: Financial instruments: disclosures
IFRS 8: Operating segments
IFRS 9: Financial Instruments


U.S. GAAP by Codification Topic 
 
 105  GAAP Hierarchy 
 105  GAAP History 

 205  Presentation of Financial Statements 
 205-20 Discontinued Operations 
 210  Balance Sheet 
 210-20 Offsetting 
 220  Comprehensive Income 
 225  Income Statement 
 225-20 Extraordinary and Unusual Items 
 230  Statement of Cash Flows 
 250  Accounting Changes and Error Corrections 
 260  Earnings per Share 
 270  Interim Reporting
 
 310  Impairment of a Loan
 320  Investment Securities 
 320  Other-Than-Temporary Impairments, FSP FAS 115-2 
 320-10-05 Overview of Investments in Other Entities 
 320-10-35 Reclassification of Investments in Securities
 323-10 Equity Method Investments
 323-30 Investments in Partnerships and Joint Ventures 
 325-20 Cost Method Investments 
 330  Inventory

 340-20 Capitalized Advertising Costs 
 350-20 Goodwill 
 350-30 Intangibles Other than Goodwill 
 350-40 Internal-Use Software 
 350-50 Website Development Costs 
 360  Property, Plant and Equipment
 360-20 Real Estate Sales 
 
 410  Asset Retirement and Environmental Obligations 
 420  Exit or Disposal Cost Obligations 
 450  Contingencies 
 450-20 Loss Contingencies 
 450-30 Gain Contingencies
 480  Redeemable Financial Instruments 

 505-20 Stock Dividends, Stock Splits 
 505-30 Treasury Stock


 605  SEC Staff Accounting Bulletin, Topic 13 
 605-25 Revenue Recognition - Multiple Element Arrangements 
 
 715-30 Defined Benefit Plans - Pension
 718  Share-Based Payment 
 730  Research and Development 
 730-20 Research and Development Arrangements 

 805  Business Combinations  
 810  Consolidation 
 810  Noncontrolling Interests 
 810  Consolidation of Variable Interest Entities, SFAS 167 
 
 815  Derivatives and Hedging Overview 

 820  Fair Value Measurements  
 820  Fair value when the markets are not active, FSP FAS 157-4
 825  Fair Value Option 

 830  Foreign Currency Matters 
 830-20 Foreign Currency Transactions 
 830-30 Translation of Financial Statements 
 835  Interest 
 835-20 Capitalization of Interest 
 835-30 Imputation of Interest 

 840  Leases 
 840-20 Operating Leases 
 840-30 Capital Leases 
 840-40 Sale-Leaseback Transactions
 845  Nonmonetary Transactions 

 855  Subsequent Events 
 860-20 Sale of Financial Assets, SFAS 166 
 860-50 Servicing Assets and Liabilities, SFAS 156 

 985-20 Costs of software to be sold  





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