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A practical comparison of and expert guidance on ifrs and gaap written by a practicing controller international financial reporting standards ifrs are used in over 120 countries us companies will inevitably encounter ifrs when evaluating the financial health of suppliers and customers ifrs and us gaap a comprehensive comparison provides instruction in accounting under ifrs within the . Ifrs and us gaap provides timely instruction in accounting under international financial reporting standards ifrs in the context of us generally accepted accounting principles gaap with a heavy emphasis placed on practical examples this indispensable resource also includes a companion website with downloadable spreadsheets and templates. The ifrs and us gaap similarities and differences guide outlines the major differences between ifrs and us gaap that exist today this guide was fully updated in october 2019 which included adding a chapter describing the differences related to accounting under the new leases standard. Get the answers you need to effectively implement ifrs rules and keep up to date on the latest ifrs requirements designed to complement any wiley ifrs product ifrs policies and procedures is sequenced in the same manner as wiley ifrs and incorporates additional categories of information to assist you in properly implementing ifrs covering all current ias ifrs sic and ifric guidance in depth. Wiley international financial reporting trends provides copious examples of footnote disclosures and financial statement formats carefully culled from the worlds leading international companies global 500 that are already compliant with ifrs and report under ifrs standards promulgated by the international accounting standards board the iasb