This is the episode 1 of my planned IFRS vs US GAAP series consisting of 3 episodes.
This episode starts with an introduction to the harmonization process and focuses on the key differences between IFRS and US GAAP pertaining to Non-Financial Assets, which are predominantly Non-current assets and Inventories.
This video is expected to be useful for CFA Level I Candidates, Equity/Credit Analysts and Investors to understand financial statements prepared by different entities using different accounting standards and make meaningful comparison in order to make well informed decisions.
US listed equities account for over 55% of the market capitalization of Global Equities and there are significant differences between US GAAP and IFRS. In this context can we consider IFRS as truly international?
Please share your thoughts and experience ! I highly appreciate your feedback. Thank you.