Comparison of IFRSs and USGAAP The table on the following pages sets out some of the key differences between IFRSs and US GAAP as of 28 February 2007.
Slide4 USGAAP Update PricewaterhouseCoopers December 2007 Norwalkagreement signed in October 2002 between the FASB and the IASB Commitment to: • Make existing pronouncements compatible • Work together on future projects Six key initiatives to achieve this: 1.
USGAAP guidance related to the term clearly and closely related differs from the IFRSguidance related to the term closely related in certain respects.
The group'sconsolidated financial statements are prepared in accordance with accounting principles generally accepted in theUK (UKGAAP), which differ in certain respects from those applicable in the US (USGAAP).
January 11,2011 Closing the GAAP: New USGAAP Pronouncements (Includes developments to December 31,2010) The following summarizes USGAAP pronouncements that must be applied, if applicable, for the first time to a company with a calendar year-end that either is preparing financial statements in ...
Comparison of IFRSs and USGAAP The table on the following pages sets out some of the key differences between IFRSs and US GAAP, based on standards, interpretations and other accounting literature in issue at 30 June 2008.
EFFECT ON SHAREHOLDERS ' FUNDS-EQUITY OF SIGNIFICANT DIFFERENCES BETWEENUK AND US GAAP As at As at 31 December 31 December 2004 2003 restated Note £m £m Shareholders' funds - equity Total shareholders' funds - equity under UK GAAP 1,825 1,521 Adjustments: a) Pensions 10 10 b) Impairment of ...
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity.
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity.
This US GAAP information provides a reconciliation between profit available for InterContinental Hotels Group PLC (IHG) equity holders under IFRS and net income under USGAAP and between IHG shareholders' equity under IFRS and IHG shareholders' equity under USGAAP, respectively.