IFRS Digest: What U.S. Practitioners and Entities Need to Know Now

Donna L. Street, Ph.D. and Belverd E. Needles, Jr., Ph.D., CPA, CMA, editors

Find out how IFRS will impact you and your practice.

The likelihood, timing and practical implications of U.S. adoption of IFRS have been speculated upon for several years by international accounting experts and have gone through many changes on the road to U.S. adoption. With an overwhelming amount of information regarding IFRS to consider, many practitioners and business entities may feel hard pressed to keep pace and unsure how much time to devote to learning about IFRS when so many variables about whether and/or when IFRS will be adopted for U.S. filers remain in flux.

The IFRS Digest: What U.S. Practitioners and Entities Need to Know Now helps you to invest the right amount of time on reading the right information for this stage in the adoption process. The book contains a discrete number of articles and white papers carefully selected by two of the most prominent U.S. experts on IFRS with a specific eye toward what busy professionals in the U.S. need to understand now. Donna L. Street, Ph.D. and Belverd E. Needles Jr., Ph.D. guide you through five major IFRS considerations:

• What US practitioners need to know about IFRS now, including key IFRS/GAAP differences for preparers and filers, tax implications, systems issues and more
• The impact of IFRS adoption in the U.S. on investors, entities and preparers
• Considerations for private companies
• IFRS in the context of the credit crisis
• Factors shaping the U.S. adoption decision

This is critical reading for the busy professional who wants to understand the growing attention on IFRS and take practical, timely steps to keep pace with the increasingly global nature of accounting and financial reporting.

Additionally, you will find editor's commentary at the beginning of each chapter, a glossary of key IFRS-related terms, and a list of additional IFRS resources.