USA GAAP

USA GAAP

Introduction

The treatment of intangible assets has always been contentious and open to different interpretations. Even today, while IFRS and US GAAP have moved towards convergence in a number of accounting areas, significant differences still remain in their treatment of intangibles. These differences are specific in the treatment of goodwill and research and development costs, and lead to specific differences in the final preparation of financial statements.

It is the reason for this duty to look at the contrasts and likenesses between Us Gaap and Ifrs for the medicine of Goodwill, Research and Development requires, Brands, Patents and Trademarks. ...