美国会计准则与际会计准则对比(英文).docVIP

Similarities and Differences A comparison of IFRS and US GAAP October 2007 Summary of similarities and differences Subject IFRS US GAAP Accounting framework Historical cost or valuation Generally uses historical cost, but intangible assets, property, plant and equipment (PPE) and investment property may be revalued to fair value. Derivatives, certain other financial instruments and biological assets are revalued to fair value. No revaluations except for certain types of financial instrument. First-time adoption of accounting framework Full retrospective application of all IFRSs