GAAP vs. IFRS: Key Differences in Inventory Accounting

Discover the key differences in inventory accounting between GAAP and IFRS, including valuation methods, write-down reversals ...

Why IFRS Prohibits LIFO Inventory Accounting

Discover why IFRS prohibits LIFO accounting, including issues like distorted financials, outdated inventory values, and ...
Houston Chronicle

The Effects of Conversion From GAAP to IFRS for Inventory

Merchants and manufacturers rely on the sale of inventory to create gross profits. Whether you purchase your inventory or make it yourself, you need to observe the relevant accounting standards to ...
JournalofAccountancy

IFRS: Coming to America

International Financial Reporting Standards (IFRS) are destined to be the lingua franca of the international accounting world. Approximately 100 countries already require, allow or are in the process ...
The Nation Newspaper

Tax implications of ifrs’ adoption (1)

On July 28, 2010, the Federal Executive Council accepted the recommendation of the Committee on the Roadmap to the Adoption of International Financial Reporting Standards (IFRS) in Nigeria, that it ...