International Financial Reporting Standards F04-12b
In U.S GAAP, for contingencies, accrue minimum in a range, if no amount is more likely than another. What occurs in IFRS?
International Financial Reporting Standards F04-11b
In U.S GAAP, contingencies that are probable, i.e greater than 70%, and can be reasonably estimated are accrued. What occurs in IFRS?
International Financial Reporting Standards F04-10b
In U.S GAAP, short term obligations are expected to be refinanced can be classified as noncurrent if the entity has intent and ability to refinance.
International Financial Reporting Standards F04-09b
In U.S. GAAP, fair value option is allowed for equity method investments and joint ventures.