Deloitte
Accounting Research Tool
...
Appendix B — Differences Between U.S. GAAP and IFRS Accounting Standards

Appendix B — Differences Between U.S. GAAP and IFRS Accounting Standards

Appendix B — Differences Between U.S. GAAP and IFRS Accounting Standards

Although the FASB and IASB conducted joint deliberations and intended to converge their respective leasing standards (ASC 842 and IFRS 16), there are several notable differences between the two standards. The table below summarizes these differences.