Subject 5. Comparison of IFRS with Alternative Reporting Systems PDF Download
A significant number of the world's listed companies report under either IFRS or U.S. GAAP. Although these standards are moving toward convergence, there are still significant differences in the framework and individual standards. Frequently, companies provide reconciliations and disclosures regarding the significant differences between reporting bases. These reconciliations can be reviewed to identify significant items that could affect security valuation.
Learning Outcome Statementse. describe implications for financial analysis of alternative financial reporting systems and the importance of monitoring developments in financial reporting standards.
CFA® 2022 Level I Curriculum, Volume 2, Module 16
User Contributed Comments 4
|YOUCANDOIT||Key Words: reconcilations and disclosures
Different reporting systems affect security valuation.
|nmech1984||You did it YOUCANDOIT|
|D3Er||Reconciliation disclosures are no longer generally available|