Publications

 


Special Features
  • Publication

    U.S. and International Accounting:
    Understanding the Differences

    U.S. and International Accounting: Understanding the Differences provides clear and simple examples of the key differences between United States and international accounting standards. The authors demonstrate the variance in accounting rules with illustrations drawn directly from actual corporate balance sheets.

  • Publication

    IFRS Financial Statements—Best Practices in Presentation and Disclosure 2012/2013

    This invaluable resource provides the most comprehensive set of disclosure examples. Drawing from a carefully selected pool of 175 IFRS companies from 45 countries across various industries.

  • Publication

    Financial Reporting Fraud: A Practical Guide to Detection and Internal Control

    Principles-based International Financial Reporting Standards (IFRSs) may give management an even greater degree of discretion than the more detailed and rules-based U.S. GAAP. Through case studies, Financial Reporting Fraud discusses how to avoid operating on the edge of GAAP or IFRSs permissibility, where internal controls are stretched so heavily, that, left unchecked, even one mistake in a seemingly small area can result in significant and drastic consequences.

  • Publication

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

    With an overwhelming amount of information regarding IFRS to consider, it is critical to understand the key concepts. In this AICPA publication, prominent experts on IFRS have selected top articles and white papers, added commentary, and guide you through five major IFRS considerations.



AICPA Bestsellers
Publication
IFRS Financial Statements—Best Practices in Presentation and Disclosure 2012/2013
This invaluable resource provides the most comprehensive set of disclosure examples. Drawing from a carefully selected pool of 175 IFRS companies from 45 countries across various industries.
Publication
Current Accounting Issues and Risks for Financial Management and Reporting—2012/13 Financial Reporting Alert
This alert is intended to help you achieve a more robust understanding of the economic and business environment in which your entity operates and is also an important tool in helping you identify the significant risks that may result in the material misstatement of your entity’s financial statements.

Publication
U.S. and International Accounting: Understanding the Differences
Use straightforward examples drawn from actual corporate financial statements to successfully understand the key differences between United States and international accounting standards.
Publication
Financial Reporting Fraud: A Practical Guide to Detection and Internal Control
This book discusses how to avoid operating on the edge of GAAP or IFRSs permissibility, where internal controls are stretched so heavily, that, left unchecked, even one mistake in a seemingly small area can result in significant and drastic consequences.
Publication
Wiley IFRS 2012: Interpretation and Application of International Financial Reporting Standards
Written by a world-class team of authors active in IFRS consulting, training, working with multinational listed companies, public sector entities and SMEs, this book is an indispensable guide to IFRS compliance.
Publication
International GAAP 2012: Generally Accepted Accounting Practice under International Financial Reporting Standards
Ernst & Young LLP (Editor)
Publisher: John Wiley and Sons
This product can only be shipped within the United States
Publication
IFRS Policies and Procedures
Ernst & Young LLP (Editor)
Publisher: John Wiley and Sons
This product can only be shipped within the United States.
Free Downloads
Publication
International Financial Reporting Standard (IFRS) – A Backgrounder
The AICPA’s IFRS Backgrounder walks you through the regulators, standard setters and others who play a critical role and the timeline of convergence and adoption activities, including the SEC's announcement of its work plan.
Publication
IFRS Primer for Audit Committees
Audit committees should anticipate possible significant change and inquire of the CEO and CFO as to the readiness of the company, and their implementation plan for moving to IFRS if or when required.
Publication
Financial System Considerations in IFRS Convergence Projects
Prepared by the IT Section of the AICPA, this white paper explores information technology implications of an IFRS conversion, including the impact on financial and business reporting, implementation considerations and lessons learned from the European experience.
The FASB/IASB Revenue Recognition Project
On November 14, 2011, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board published for public comment a revised joint exposure draft (ED), Revenue from Contracts with Customers. Comments on the revised ED are due by March 13, 2012, and the boards hope to issue a final standard later in 2012. (AICPA Brief)

The FASB/IASB Lease Accounting Project
On July 21, the International Accounting Standards Board and the Financial Accounting Standards Board announced their intention to re-expose their revised proposals for a common leasing standard after their deliberations during third quarter of 2011.

FASB Financial Instruments Project: An Update
On May 26, 2010, the Financial Accounting Standards Board issued an exposure draft of proposed Accounting for Financial Instruments and Revisions to Accounting for Derivative Instruments and Hedging Activities-Financial Instruments.
IASB Resources
IFRS Technical Summaries
The International Accounting Standards Board publishes technical summaries of its International Financial Reporting Standards. Copies of the technical summaries can be found in this section.

International Financial Reporting Standards
International Financial Reporting Standards are developed by the International Accounting Standards Board. The following is a list of the standards that were issued at January 1, 2011. Also provided is a link to the consolidated unaccompanied IFRSs (i.e. the core standards, without implementation guidance and the basis for conclusions) in English and the IFRS for SMEs. "

International Financial Reporting Standards

International Financial Reporting Standards are developed by the International Accounting Standards Board. Access to IFRS technical summaries and unaccompanied standards (the core standards, excluding content such as basis for conclusions) is available for free from the IASB website. An electronic online subscription service ("eIFRS"), the annual IFRS Bound Volume, and other IFRS products and services can be purchased from the International Accounting Standards Committee Foundation. To learn more, click on the link above.

The official annual bound edition of International Financial Reporting Standards issued by the IASB is also available for purchase from the Financial Accounting Foundation for customers in the United States, Canada, and Mexico. You can order online at the FASB website.

Following is a list of the standards as issued at January 1, 2010:
• IFRS & IAS
• IFRIC
• SIC

IFRS

  • IFRS 1: First-time Adoption of International Financial Reporting Standards
  • IFRS 2: Share-based Payment
  • IFRS 3: Business Combinations
  • IFRS 4: Insurance Contracts
  • IFRS 5: Non-current Assets Held for Sale and Discontinued Operations
  • IFRS 6: Exploration for and Evaluation of Mineral Assets
  • IFRS 7: Financial Instruments: Disclosures
  • IFRS 8: Operating Segments
  • IFRS 9: Financial Instruments

IAS

  • IAS 1: Presentation of Financial Statements
  • IAS 2: Inventories
  • IAS 7: Statement of Cash Flows
  • IAS 8: Accounting Policies, Changes in Accounting Estimates and Errors
  • IAS 10: Events After the Reporting Period
  • IAS 11: Construction Contracts
  • IAS 12: Income Taxes
  • IAS 16: Property, Plant and Equipment
  • IAS 17: Leases
  • IAS 18: Revenue
  • IAS 19: Employee Benefits
  • IAS 20: Accounting for Government Grants and Disclosure of Government Assistance
  • IAS 21: The Effects of Changes in Foreign Exchange Rates
  • IAA 23: Borrowing Costs
  • IAS 24: Related Party Disclosures
  • IAS 26: Accounting and Reporting by Retirement Benefit Plans
  • IAS 27: Consolidated and Separate Financial Statements
  • IAS 28: Investments in Associates
  • IAS 29: Service Concession Arrangements: Disclosures
  • IAS 31: Interests In Joint Ventures
  • IAS 32: Financial Instruments: Presentation
  • IAS 33: Earnings Per Share
  • IAS 34: Interim Financial Reporting
  • IAS 36: Impairment of Assets
  • IAS 37: Provisions, Contingent Liabilities and Contingent Assets
  • IAS 38: Intangible Assets
  • IAS 39: Financial Instruments: Recognition and Measurement
  • IAS 40: Investment Property
  • IAS 41: Agriculture

IFRIC

  • IFRIC 1: Changes in Existing Decommissioning, Restoration and Similar Liabilities
  • IFRIC 2: Members' Shares in Co-operative Entities and Similar Instruments
  • IFRIC 4: Determining Whether an Arrangement Contains a Lease
  • IFRIC 5: Rights to Interests Arising from Decommissioning, Restoration and Environmental Rehabilitation Funds
  • IFRIC 6: Liabilities Arising from Participating in a Specific Market - Waste Electrical and Electronic Equipment
  • IFRIC 7: Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies
  • IFRIC 9: Reassessment of Embedded Derivatives
  • IFRIC 10: Interim Financial Reporting and Impairment
  • IFRIC 12: Service Concession Arrangements
  • IFRIC 13: Customer Loyalty Programmes
  • IFRIC 14: IAS 19 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction
  • IFRIC 15: Agreements for the Construction of Real Estate
  • IFRIC 16: Hedges of a Net Investment in a Foreign Operation
  • IFRIC 17: Distributions of Non-cash Assets to Owners
  • IFRIC 18: Transfers of Assets from Customers
  • IFRIC 19: Extinguishing Financial Liabilities with Equity Instruments

SIC

  • SIC 7: Introduction of the Euro
  • SIC 10: Government Assistance – No Specific Relation to Operating Activities
  • SIC 12: Consolidation – Special Purpose Entities
  • SIC 13: Jointly Controlled Entities – Non-Monetary Contributions by Venturers
  • SIC 15: Operating Leases – Incentives
  • SIC 21: Income Taxes – Recovery of Revalued Non-Depreciable Assets
  • SIC 25: Income Taxes – Changes in the Tax Status of an Enterprise or its Shareholders
  • SIC 27: Evaluating the Substance of Transactions in the Legal Form of a Lease
  • SIC 29: Disclosure – Service Concession Arrangements
  • SIC 31: Revenue – Barter Transactions Involving Advertising Services
  • SIC 32: Intangible Assets – Web Site Costs
IFRS for Small and Medium-sized Entities
This self-contained standard is designed to meet the needs and capabilities of small and medium-sized entities, which are estimated to account for over 95% of all companies around the world. Access the standard, basis for conclusions, illustrative financial statements presentation and disclosure checklist can be accessed here.
 
IASB Podcast Summaries
The IASB provides audio summaries of Board meetings, project updates and other useful information. These provide a high-level overview of the topic and are designed to be listened to on a computer or downloaded to a digital media player.
 
Investor Perspectives
IASB offers regular updates for investment professionals written by former analysts who are now IASB members, and investor alerts to other items that are likely to be of interest and will be a channel for gathering feedback.
 
IASB Decision Summaries
Summaries of tentative decisions reached by the IASB in its public meetings.