The eligibility criteria for offsetting are different in International Financial Reporting Standards (IFRSs) and U.S. Generally Accepted Accounting Principles (US GAAP). Offsetting, otherwise ...

FASB and the IASB today issued investor-focused common disclosure requirements on the effect or potential effect of offsetting arrangements on a company’s financial position. U.S. GAAP and IFRS differ ...

J.P. Nodier / Getty Images Generally accepted accounting principles (GAAP) require that all inventory ... or more than fully offset the balance of the inventory account. If the cost of inventory ...

Generally it is observed that due to fair value accounting, a lower amount of goodwill offset by fair value of intangibles is recorded under IFRS/ US GAAP, whereas under IGAAP a higher balance of ...

"Our current management team has pro-actively clarified its disclosure, reduced these non-GAAP costs and cooperated fully with the SEC, and is happy to put this matter behind us," the company ...