Deloitte's Roadmap: Comparing IFRS Standards and U.S. GAAP: Bridging the Differences

Comparing IFRS Standards and U.S. GAAP: Bridging the Differences

This Roadmap provides an overview of the most significant differences between U.S. GAAP and IFRS® Standards — two of the most widely used accounting standards in the world.

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Preface On the Radar Contacts Chapter 1 — Assets Chapter 2 — Liabilities Chapter 3 — Revenues and Expenses Chapter 4 — Presentation Chapter 5 — Broad Transactions Appendix A — Significant Adoption Dates Appendix B — Titles of Standards and Other Literature Appendix C — Abbreviations Appendix D — Roadmap Updates for 2021

This Roadmap provides an overview of the most significant differences between U.S. GAAP and IFRS® Standards — two of the most widely used accounting standards in the world. The 2021 edition includes updated and expanded guidance that reflects standards effective as of January 1, 2022, for calendar-year-end public entities, as well as On the Radar, a new section that briefly summarizes emerging issues and trends related to the accounting and financial reporting topics addressed in this Roadmap. Appendix D highlights all new content and any substantive revisions to previous content.