Comparison between U.S. GAAP and International ... - Grant Thornton

More documents

Recommendations

Info

Comparison between U.S. GAAP and International Financial Reporting Standards 30 IFRS statements. • The amount of income from continuing operations and from discontinued operations attributable to owners of the parent. These disclosures may be presented either in the notes or in the statement of comprehensive income. U.S. GAAP of the component • Gain or loss recognized as a result of measuring a long-lived asset (disposal group) classified as held for sale at the lower of its carrying amount or fair value less cost to sell A gain or loss on disposal may be disclosed either on the face of the income statement or in the notes (ASC 205-20- 45-3). Adjustments to amounts previously reported in discontinued operations that are directly related to the disposal of a component of an entity in a prior period are classified separately in discontinued operations in the current period (ASC 205-20-45-4). © 2011 Grant Thornton LLP All rights reserved U.S. member firm of Grant Thornton International Ltd
Comparison between U.S. GAAP and International Financial Reporting Standards 31 IFRS U.S. GAAP Unlike IFRS, the separate disclosure of cash flows related to discontinued operations is not required to be presented. However, if an entity chooses to separately report cash flows from discontinued operations, then it should not aggregate operating, investing, and financing cash flows from discontinued operations into a single line item but should display them separately (ASC 230-10- 45-24). Similar to IFRS, an entity shall disclose either in the notes or on the face of the consolidated income statement, amounts attributable to the parent for the following, if reported in the consolidated financial statements (see ASC 810-10- 55-4J) (ASC 810-10-50- 1A(b)): © 2011 Grant Thornton LLP All rights reserved U.S. member firm of Grant Thornton International Ltd
Page 1 and 2: Comparison between U.S. GAAP and In
Page 29: Comparison between U.S. GAAP and In
Page 81 and 82:
Comparison between U.S. GAAP and In
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
show all

Comparison between U.S. GAAP and International ... - Grant Thornton

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?