Financial Accounting and Reporting

For U.S. GAAP, there is no requirement to adjust for significant transactions, in the three-month reporting window when using the equity method. What is the case for IFRS?

Compare and contrast US GAAP with IFRS, for reporting dates of the investor and investee.

Under IFRS, uniform accounting policies must be applied, for the equity method. What is the requirement under U.S. GAAP?

Under U.S. GAAP, an equity investee can elect the fair value option. What is the case under IFRS?