IFRS® Perspectives
Update on IFRS® Accounting Standards in the US
IFRS Perspectives – Q4 2024
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Compensation clawback provisions under IFRS® Accounting Standards
What are clawback provisions and how to account for contractual mechanisms to reclaim previously awarded compensation.
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2024 IFRS® Interpretations Committee Agenda Decisions
A summary of 2024 IFRIC activity and comparison to US GAAP.
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Q4 2024 new IFRS® Accounting Standards and amendments: Are you ready?
Our semi-annual outlook helps preparers in the US keep track of changes in IFRS Accounting Standards and assess their relevance. In case you missed it, IFRS 18 and IFRS 19 were recently issued, changing the presentation and disclosure landscape in 2027.
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Revenue accounting: IFRS® Standards vs US GAAP
Top 10 differences between IFRS 15 and ASC Topic 606 for revenue recognition.
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IFRS vs. US GAAP: R&D costs
The accounting for research and development costs under IFRS can be significantly more complex than under US GAAP.
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Income statement presentation: IFRS compared to US GAAP
The IFRS income statement follows certain formatting requirements and options different from US GAAP.
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Income taxes: IFRS® Accounting Standards versus US GAAP
Top 10 differences between IAS 12 and ASC Topic 740.
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Equity-method investees: IFRS impairment compared to US GAAP
Impairment testing of investments in joint ventures and associates can be challenging under IFRS.
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Lease accounting: IFRS® Standards vs US GAAP
Top 10 differences between ASC Topic 842 and IFRS 16 for lessees.
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Restructuring: Understanding the IFRS requirements
IFRS has specific requirements for restructuring activities that differ from US GAAP.
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Accounting for legal claims: IFRS compared to US GAAP
IFRS and US GAAP have many subtle differences when accounting for provisions (loss contingencies) for legal claims.
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Customer accounting for software-as-a-service arrangements
Accounting for the costs of cloud computing arrangements to provide software-as-a-service under IFRS® Standards
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Converting from US GAAP to IFRS
To properly plan an effective transition, we offer ten factors for success plus five key things to consider.
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IFRS Perspectives - Q3 2024
Basics of digital assets under IFRS® Accounting Standards vs US GAAP, reducing subsidiaries' disclosures with IFRS 19, and evolving trends in how companies communicate financial performance.
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IFRS Perspectives - Q2 2024
Q2 2024 new IFRS® Accounting Standards and amendments, 2024 IFRS® Interpretations Committee Agenda Decisions, IFRS® Accounting Standards first-time adoption for US subsidiaries
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IFRS Perspectives - Q1 2024
Current/noncurrent classification of liabilities: IAS 1 amendments, Own use scope exemption under IFRS® Accounting Standards, Current/noncurrent debt classification: IFRS® Accounting Standards vs US GAAP
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IFRS Perspectives - Q4 2023
Revenue accounting: Consideration payable to a customer, The impact of climate risk on the financial statements, 2023 IFRS® Interpretations Committee Agenda Decisions
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IFRS Perspectives - Q3 2023
ISSB Standards: General and Climate, Discontinued operations and assets held for sale (IFRS vs US GAAP), Sale and lease back (IFRS vs US GAAP).
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IFRS Perspectives - Q2 2023
Accounting for deferred revenue in a business combination, global minimum tax, income taxes: (IFRS – US GAAP top differences)
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IFRS Perspectives - Q1 2023
IRA and CHIPS, carbon offsets and credits, subsequent accounting for goodwill, and scope of IFRS 17.
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IFRS Perspectives – Q4 2022
Goodwill impairment, statement of cash flows (IFRS – US GAAP top differences), 2022 IFRS Interpretations Committee Agenda Decisions
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IFRS Perspectives – Q3 2022
Cryptocurrencies, and hedge accounting (IFRS – US GAAP top differences)
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Insights into IFRS® – Our latest thinking
Our practical guide to IFRS Accounting Standards
New IFRS® Accounting Standards: Are you ready?
Use this tool to generate your customised list of newly effective and forthcoming IFRS Accounting Standards.
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Delivering KPMG guidance, publications and insights on the application of IFRS® Accounting Standards in the United States.
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