The Handbook to Ifrs Transition and to Ifrs U.S. GAAP Dual Reporting (Paperback)

Interpretation, Implementation and Application to Grey Areas (Wiley Regulatory Reporting #6)

By Francesco Bellandi

Wiley, 9780470977125, 846pp.

Publication Date: May 7, 2012

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An indispensable guide to making the transition to dualIFRS/GAAP financial reporting

U.S. financial reporting will undergo an unprecedented level ofchange within the next several years. U.S. companies face aconvergence between U.S. GAAP and IFRS, affecting several majoraccounting standards--most notably in the areas of leasing, revenue recognition, and financial instruments. It is imperativethat U.S. companies understand these major changes and theirbusiness and operational implications. The IFRS U.S. GAAP DualReporting Handbook to First-Time Adoption offers acomprehensive treatment of both the principles and techniques ofdual reporting under IFRS/U.S. GAAP, while exploring the practicalimplications for accounting professionals of reporting under bothsets of standards.

  • Takes an operating approach to the implementation andapplication of the dual standards
  • Draws upon the author's extensive firsthand experience todispel uncertainty and offer decision makers expert technicalassistance
  • Defines systemic changes businesses will need to make toaccommodate IFRS standards
  • Compares the two bodies of standards item-by-item andidentifies solutions under one set of standards to issues arisingunder the other
  • Explores the strategic impact of structuring a company for IFRStransition

In addition to covering the full range of critical issuessurrounding adopting IFRS, this indispensable handbook is a richresource of dual reporting tools, including financial statementformats, charts of accounts, accounting check-lists, reconciliationschedules, and operating manuals.

About the Author

Francesco Bellandi (Surrey, UK) is a practitioner in US GAAP/IFRS dual reporting. A former Director of Finance at Alitalia, and CFO for the Cobalt Waterline Group. He is a Subject Matter Expert for the AICPA's IFRS Certificate of Accomplishment Program and is IFRS reviewer for the CPA Journal. He manages, a website on IFRSs/US GAAP Dual Reporting, which develops research on accounting standards, analyzes implementation, develops cases and exercises, and offers training solutions, technical inquiry services, and consulting.