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Home Q & A Board Other Fields Homework Help Business Accounting
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applesauce234 applesauce234
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5 years ago
How do IFRS disclosure requirements of property, plant, and equipment differ from U.S. GAAP disclosure requirements?
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
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#1
5 years ago
 IFRS disclosure requirements, while similar, are more comprehensive than U.S. GAAP. For each class of property, plant, and equipment, a company must disclose the historical cost and its accumulated depreciation at the beginning and the end of the period. The company is required to provide a reconciliation of the carrying amount at the beginning of the period to the end of the period. Companies must also disclose the depreciation method and useful lives (or equivalently the depreciation rate).
applesauce234 Author
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#2
5 years ago
Commenting just to show my support for informative posts like this, keep it up 10/10
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#3
5 years ago
That helps more than you thinks, thanks for being so thoughtful
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