Presentation of Financial Statements
Accounting Standards: IFRS and US GAAP
Explore accounting standards through independent educational summaries covering their scope, recognition, measurement, presentation, disclosure requirements, and practical application.
Understanding Accounting Standards
Accounting standards establish principles for preparing and presenting financial information. IFRS and IAS are used in many jurisdictions around the world, while US GAAP provides the primary financial reporting framework used in the United States.
Use this guide to explore individual standards, understand their main accounting requirements, and identify the accounts and financial statement areas commonly connected with each topic.
IFRS and IAS Standards
IFRS for Small and Medium-sized Entities
Inventories
Statement of Cash Flows
Accounting Policies, Changes in Estimates and Errors
Events after the Reporting Period
Income Taxes
Property, Plant and Equipment
Employee Benefits
Effects of Changes in Foreign Exchange Rates
Borrowing Costs
Separate Financial Statements
Financial Instruments: Presentation
Impairment of Assets
Provisions, Contingent Liabilities and Contingent Assets
Intangible Assets
Business Combinations
Financial Instruments
Revenue from Contracts with Customers
Leases
Investments in Associates
Consolidated Financial Statements
Investment Property
US GAAP Topics
Financial Reporting Framework for Small and Medium-sized Entities
Receivables
Investments - Debt and Equity Securities
Investments - Equity Securities
Investments - Equity Method
Inventory
Intangibles - Goodwill and Other
Property, Plant and Equipment
Liabilities
Contingencies
Debt
Equity
Revenue from Contracts with Customers
Revenue Recognition (Superseded)
Compensation - General
Compensation - Retirement Benefits
Other Expenses
Income Taxes
Business Combinations
Consolidation
Derivatives and Hedging
Fair Value Measurement
Foreign Currency Matters
Leases
Financial Services - Investment Companies
Generally Accepted Accounting Principles
Statement of Cash Flows
Credit Losses
Other Assets and Deferred Costs
Distinguishing Liabilities from Equity
Balance Sheet
Income Statement
Exit or Disposal Cost Obligations
Comprehensive Income