IFRS · IAS · US GAAP
Accounting standards, explained.
Clear, practical guides to the standards behind financial statements, with worked examples, journal entries and side-by-side comparisons.
Browse by framework
IFRS & IAS
International Financial Reporting Standards and International Accounting Standards issued by the IASB, explained with examples.
5 articles →US GAAP
The FASB Accounting Standards Codification (ASC): key topics, measurement rules and journal entries.
5 articles →IFRS vs US GAAP
Side-by-side comparisons showing where the two frameworks agree, where they differ, and why it matters.
5 articles →Latest articles
IFRS 16 vs ASC 842: How Lessee Accounting Differs, With a Worked Example
Both standards bring leases onto the balance sheet, but they report the expense very differently. A five-year lease example shows the gap year by year.
IFRSIFRS 15 and ASC 606: The Five-Step Revenue Recognition Model Explained
How IFRS 15 and ASC 606 decide when and how much revenue to recognise, walked through step by step with a bundled software example and journal entries.
IASIAS 2 Inventories: Cost, Net Realisable Value and How US GAAP Differs
What goes into inventory cost, how the lower of cost and net realisable value test works, and why IFRS allows write-down reversals while US GAAP does not.
IASIAS 16 vs ASC 360: Fixed Asset Accounting From Purchase to Impairment
How property, plant and equipment is capitalised, depreciated, revalued and tested for impairment under IFRS and US GAAP, with worked examples and practical scenarios.
IASIAS 12 Deferred Tax Explained: Temporary Differences in Plain Terms
Why deferred tax exists, how to calculate deferred tax liabilities and assets from the balance sheet, and the main ways ASC 740 differs.