IFRS vs US GAAP comprehensive summary

CFA Level II
#1

So I browsed through the curriculum and mapped most relevant differences and similarities. If there are problems/ommissions let me know I will update it.

1 Like
#2

Thanks

#3

Under A 2 GAAP: is it lower of cost or market

#4

Under C 4 a b GAAP ; can u detail the treatment? Tx

#5

Thanks krokodilizm.

#6

Right, it’s market (which is vey close to NRV, but not necessarily the same). I’ll give it some time to collect more errata and correct in batches.

#7

I tried to keep it as concise as possible for quick reference. Then realized some aspects are really twisted. Although I gave some insights to the treatment procedure I guess it don’t make much sense on its own. That is why I indexed the table so anybody can track it down to the curriculum for details. If you are using the ebook version of the curriculum the search function (Ctrl+F) is really helpful to pinpoint your queries.

#8

@Kroki

Finally you will become an accountant…LOL!

Thumbs up for your willigness and this spreadsheet may help to many candidates. yes

#9

Very nice. Thanks for putting this together and sharing Krok.

#10

I will become a programmer like this, condensing the curriculum into databases and binary matrices:)

#11

Fine. Then I’d like to see matrix for CIR, Vasicek & Ho Chi Minh model and Credit Rating/Score, Structural and Reduced form models:)

#12

This is awesome. Do you have one for gains and losses or general classification of where items fit into (I/S or OCI etc)?

#13

It’s the Ho Lee fook model.

#14

Thanks for the list Krok. Can anyone find any more discrepancies with this list and the curriculum other than Gaap inventory measurements? I’m going to memorise this list now.