IFRS® Perspectives
Update on IFRS Accounting and Sustainability Standards in the US
IFRS Perspectives – Q1 2025
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R&D costs: IFRS® Accounting Standards vs. US GAAP
Accounting for research and development activities under IFRS® Accounting Standards can be significantly more complex than that under US GAAP.
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ISSB Standards: Focus on adoption and implementation
As more countries adopt IFRS® Sustainability Disclosure Standards, implementation and interoperability are top of mind for preparers.
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Proposed changes to provisions under IFRS® Accounting Standards
Some provisions may increase and be recognized sooner and over time under proposed changes to IAS 37.
No results found.
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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.
No results found.
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IFRS Perspectives - Q4 2024
Compensation clawback provisions, new IFRS standards and amendments and Interpretations Committee agenda decisions relevant in 2024.
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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
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
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New IFRS® Accounting Standards: Are you ready?
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IFRS Institute
Delivering KPMG guidance, publications and insights on the application of IFRS® Accounting and Sustainability Standards in the United States. Sharing our expertise to inform your decision-making in an evolving global financial reporting environment.
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