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US Adapts IFRS by Mind Map: US Adapts IFRS
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US Adapts IFRS

Intro to Accounting Standards

U.S's History with GAAP

"Multiple Dimensions of Accounting in the Development of GAAP."

Creation of the IFRS

"International Financial Reporting Standards (IFRS)."

U.S's Decision to Change

Early Attempts

"IFRS in Three Years Possible ... But Only with a Stable Platform"

"A Perspective on the SEC's Proposal to Accept Financial Statements Prepared in Accordance with International Financial Reporting Standards (IFRS) without Reconciliation to U.S. GAAP."

Recent Developemets

"IFRS in Three Years Possible ... But Only with a Stable Platform"

"A Perspective on the SEC's Proposal to Accept Financial Statements Prepared in Accordance with International Financial Reporting Standards (IFRS) without Reconciliation to U.S. GAAP."

"Incorporating IFRS into the Accounting Curriculum."

GAAP vs. IFRS

Similarites

"NET INCOME COMPARABILITY BETWEEN EU-IFRS AND US-GAAP BEFORE RELEASE NO. 33-8879: EVIDENCE FROM FIFTY US-LISTED EUROPEAN UNION COMPANIES."

New node

Differences

"NET INCOME COMPARABILITY BETWEEN EU-IFRS AND US-GAAP BEFORE RELEASE NO. 33-8879: EVIDENCE FROM FIFTY US-LISTED EUROPEAN UNION COMPANIES."

New node

Positve Impact

Short Term

"Accounting Without Borders: Has Its Time Come?"

"IFRS Implications FOR Income Taxes."

Long Term

"Accounting Without Borders: Has Its Time Come?"

"IFRS Implications FOR Income Taxes."

Negative Impact

Short Term

"Accounting Without Borders: Has Its Time Come?"

"IFRS Implications FOR Income Taxes."

Long Term

"Accounting Without Borders: Has Its Time Come?"

"IFRS Implications FOR Income Taxes."

Conclusion

Intro