• Comment letters to IASB, IFRIC, IASCF, IASC, SIC starting July 1995.
• Comment letters to the International Auditing and Assurance Standards Board starting March 2004.

We publish IASB Project Insights, which provides (in easily printed PDF format) a summary, by project, of:

• Current status - brief background and current steps being undertaken
• Key decisions and proposals - high-level summaries of decisions to date and any consultation documents published
• 'Thinking ahead' - key considerations for entities given the status of the project
• Next steps - forthcoming deadlines or due process steps to be undertaken and guidelines as to when the project may be finalised.

• Click here to Access Deloitte's IFRS e-Learning Material.
• Click for More Information.
• Click for Published Review.

• Deloitte's proprietary interpretive guidance
• The Financial Accounting Standards Board literature
• Emerging Issues Task Force consensus decisions and issue materials
• Securities and Exchange Commission rules, regulations, and forms
• American Institute of Certified Public Accountants accounting and auditing literature
• International Financial Reporting Standards

Deloitte (Poland) has published the Polish translation of IFRSs in your Pocket 2011 (PDF 2.3MB). This publication is a translation into Polish of IFRSs in your Pocket 2011. It includes changes in Standards and Interpretations through 31 October 2011, and a comparison between IFRS and the Polish accounting act.

Deloitte (Russia) has published the Russian translation of IFRSs in your Pocket 2011 (PDF 2.1MB). The content is the same as the English 2011 version.

Deloitte (Canada) has published Guide de référence sur les IFRS — Édition 2011 (PDF 621k), the Canadian-French translation of IFRSs in your Pocket 2011. The content is the same as the English 2011 version.

Deloitte (Hungary) has published IFRS zsebkönyv 2011 (PDF 836k), the Hungarian translation of IFRSs in your Pocket 2011. The content is the same as the English 2011 version.

Deloitte (Brazil) has published IFRS ao seu alcance 2011 (PDF 582k), the Portuguese translation of IFRSs in your Pocket 2011. The content is the same as the English 2011 version.

IFRSs in your Pocket 2011 (PDF 553k), tenth edition, June 2011, is a 134-page guide that includes information about:

• The IASB organisation – its structure, membership, due process, contact information, and a chronology
• Use of IFRSs around the world, including updates on Europe, United States, Canada and elsewhere in the Americas, and Asia-Pacific
• Recent pronouncements – those which are effective and those which can be early adopted
• Summaries of current Standards and related Interpretations, as well as the Conceptual Framework for Financial Reporting and the Preface to IFRSs
• IASB agenda projects and active research topics
• IFRS Interpretations Committee current agenda topics
• Other useful IASB-related information

Deloitte (Colombia) has published Los IFRS en su Bolsillo 2011 (PDF 901k), the Spanish translation of IFRSs in your Pocket 2011. The content is the same as the English 2011 version.

IFRSs in your Pocket 2010 (PDF 571k), ninth edition, May 2010, is a 132-page guide that includes information about:

• IASB structure and contact details.
• IASB due process.
• Use of IFRSs around the world, including updates on Europe, Asia, USA, and Canada.
• Summaries of each IASB Standard and Interpretation, as well as the Framework and the Preface to IFRSs.
• Background and current status of all current IASB projects.
• IASC and IASB chronology.
• Update on IFRS-US GAAP convergence.
• Other useful IASB-related information.

Deloitte (Russia) has published МСФО в кармане 2010 (PDF 2,097k, 154 pages). The content is the same as the English 2010 version.

Deloitte Croatia, Deloitte Serbia and Deloitte Slovenia have published translations of IFRSs in your Pocket 2010. The content is the same as the English 2010 version.

• Džepni vodič kroz MSFI-jeve 2010 (PDF 2,596k, 134 pages, December 2010)
• Џепни водич кроз МРС/МСФИ 2010 (PDF 2,402k, 140 pages, December 2010)
• Žepni MSRP 2010 (PDF 1,454k, 127 pages, December 2010)

Deloitte (Canada) has published Guide de Référence sur les IFRS – Édition 2010 (PDF 1,071k, 110 pages, December 2010). This publication is a translation into French of IFRSs in your Pocket 2010. The content is the same as the English 2010 version.

Deloitte Hungary has published IFRS zsebkönyv 2010 – the Hungarian language translation of IFRSs in your Pocket 2010. This 130-page publication includes all of the information in the English language edition. Click to download IFRS zsebkönyv 2010 (PDF 1.004k).

IFRSs In Your Pocket 2009 (PDF 563k), eighth edition, May 2009. is a 124-page guide that includes information about:

• IASB structure and contact details.
• IASB due process.
• Use of IFRSs around the world, including updates on Europe, Asia, USA, and Canada.
• Summaries of each IASB Standard and Interpretation, as well as the Framework and the Preface to IFRSs.
• Background and current status of all current IASB projects.
• IASC and IASB chronology.
• Update on IFRS-US GAAP convergence.
• Other useful IASB-related information.

IFRSs In Your Pocket 2008 (PDF 777k), seventh edition, April 2008. The 2009 edition has been published (link is directly above). We are keeping the 2008 edition on line through the end of 2009 because it includes a summary of the older versions of several pronouncements that continue to be permitted through 2009. An entity can optionally use the newer versions of those standards for 2009 if it wishes.

Deloitte (Poland) has published Praktyczny przewodnik po MSSF, the Polish language version of IFRSs in Your Pocket 2009. This publication is a translation into Polish of IFRSs in your Pocket 2009 including changes in Standards and Interpretations till 31 October 2009 and additionally includes comparison between IFRS and polish accounting act. Click to download IFRSs in your Pocket 2009 in Polish (PDF 746k, January 2010, 103 pages)

Deloitte & Touche CIS (Russia) has published МСФО в кармане 2009 (PDF 1,037k, 152 pages, December 2009) – a Russian translation of IFRSs in your Pocket 2009. This pocket guide includes summaries of all IFRSs issued through March 2009. Please click here for Information about Deloitte Russia.

Deloitte Hungary has published IFRS Kézikönyv 2009 – the Hungarian language translation of IFRSs in Your Pocket 2009. This 124-page publication includes all of the information in the English language edition. Click to download IFRS Kézikönyv 2009 (PDF 460k).

IFRS ao seu alcançe 2009 (IFRS in your Pocket in Portuguese) (PDF 355k) – based on the English version of IFRSs in your Pocket 2008

Sygnalizujemy właściwy kierunek: Praktyczny przewodnik po MSSF 2008 – IFRS in your Pocket 2008 in Polish (PDF 823k, April 2009, 89 pages). This publication is a translation into Polish of IFRSs in your Pocket 2008 guide with update up to October 2008, and additionally includes a comparison between IFRSs and the accounting requirements of the Polish Accounting Act.

Deloitte Czech Republic has published the Czech Language Version of IFRSs in Your Pocket 2009 – IFRS do kapsy 2009 (PDF 830k). This 134-page publication includes a special introduction by Martin Tesar, IFRS Partner of Deloitte Czech Republic, a comparison of the major differences between IFRS and Czech GAAP, plus all of the information in the English language edition.

Deloitte (Canada) has published Guide de Référence sur les IFRS 2008 (PDF 593k, 109 pages, October 2008). This publication is a translation into French of our popular IFRSs in your Pocket 2008 Guide. The content is the same as the English 2008 version.

Deloitte (Germany) has published IFRS im Überblick 2008 (PDF 1,795k, 134 pages, September 2008), the German language version of IFRSs in Your Pocket 2008. It is identical to the English version (above) except that it includes summaries of each IASB Standard through 31 July 2008.

Deloitte (Brazil) has published IFRS ao seu Alcance – IFRS in your Pocket 2007 in Portuguese (PDF 341k, 100 pages, September 2008). This publication is a translation of the English edition with a preface added relating to the Brazilian environment.

IFRSs In Your Pocket 2007 (PDF 363k), sixth edition, April 2007, 100 pages. The 2008 edition of IFRSs in Your Pocket has been published (link is directly above). We are keeping the 2007 edition on line through the end of 2008 because it includes a summary of the older versions of IFRS 3 and IAS 27 that continue to be permitted through 2008. An entity can optionally use the newer versions of those standards for 2008 if it wishes.

Deloitte & Touche (Canada) has published Guide de référence sur les IFRS 2007 (PDF 588k, 98 pages) – a French translation of IFRSs in your Pocket 2007. It includes a foreword from Ken Wild (Deloitte Global IFRS Leader); a description of the IASB structure; biographies of IASB members; an IASC/IASB chronology; table on use of IFRSs around the world; summaries of all IFRSs including Interpretations up through 30 June 2007; overviews of all IASB agenda projects; and more.

Deloitte (Spain) has published Guía Rápida NIC/NIIF 2008 (PDF 554k, 114 pages, July 2008) – a Spanish translation of IFRSs in your Pocket 2008, updated up through 30 June 2008. It includes forewords from Manuel Arranz (Deloitte Spain IFRS Leader); a description of the IASB structure; an IASC/IASB chronology; use of IFRSs around the world; summaries of all IFRSs including Interpretations up through 30 June 2008; brief summaries of IASB agenda projects; and more.

Deloitte (Chile) has published Guía Rápida IFRS (IFRSs in your Pocket 2006 in Spanish) (PDF 836k, 88 paginas, Marzo 2007). Esta edición de Guía Rápida a las normas Internacionales de información Financiera considera los cambios y nueva normativa que se han incorporado a las NIIF hasta diciembre de 2006, constituye una excelente herramienta que le servirá para conocer y comprender las NIIF, facilitar su implantación y saber cómo se están aplicando estas normas de información en todo el mundo.

Deloitte (Colombia) has published Guía Rápida NIIF 2007 (PDF 4,834k, 104 pages). Esta es una traducción al español para Latinoamérica de la versión original en inglés de IFRSs in your pocket 2007 (a Spanish translation for Latin America of English version of IFRSs in your Pocket 2007). It includes a foreword from Ken Wild (Deloitte Global IFRS Leader); a description of the IASB structure; biographies of IASB members; an IASC/IASB chronology; use of IFRSs around the world; summaries of all IFRSs including Interpretations up through 30 June 2007; brief summaries of IASB agenda projects; and more.

Deloitte & Touche (Finland) has published IFRS Taskuopas 2007 (PDF 354k, 101 pages, February 2008) – a Finnish translation of IFRSs in your Pocket 2007. This pocket guide includes summaries of all IFRSs including Interpretations issued through 30 June 2007. Because no major changes to IFRSs are expected to be applicable until 2009, this guide is an excellent summary of the current standards required for 2007 and 2008 reporting. However, there is also a summary of recent changes that will be effective in 2009.

Deloitte Turkey has published UFRS Cep Kitapcigi 2006, the Turkish Language Version of IFRSs in your Pocket 2006 (PDF 1,239k, 72 pages, December 2006). This edition includes all of the information in the English language edition.

Deloitte (Brazil) has published a Portuguese edition of IFRS for SMES in your pocket 2011 (PDF 420k). This publication provides a section-by-section guide on the IFRS for SMEs, providing key comparisons with the full IFRS standards and highlighting particular conversion issues.

More information about financial reporting in Brazil can be found on our Brazil country page.

Deloitte (Ireland) has published an Irish edition of IFRS for SMES in your pocket (PDF 276k). This publication provides a section-by-section guide on the IFRS for SMEs, providing key comparisons with the full IFRS standards and highlighting particular conversion issues for entities moving from Irish GAAP.

Irish GAAP is developed by the Accounting Standards Board (ASB), which is currently considering proposals to replace Irish GAAP with the IFRS for SMEs for many non-publicly accountable entities. More information about financial reporting in Ireland can be found on our Ireland country page.

Deloitte (Brazil) has published a Brazilian edition of IFRS for SMEs in your Pocket (PDF 360k) in Portuguese. The IFRS for SMEs is particularly relevant in Brazil mainly after the signature of the Memorandum of Understanding among the IASB, Brazilian Federal Council of Accounting (CFC) and the Brazilian Accounting Pronouncements Committee (CPC) in January 2010, during a visit of Sir. David Tweedie (IASB Chairman) to Brazil.

Click to download IFRS para PMEs ao seu alcance 2010 (IFRS for SMEs in Your Pocket in Portuguese, 84 pages, PDF 360k).

Deloitte (Colombia) has published El IFRS para PYMES en su bolsillo (PDF 525k) – a Spanish translation of IFRS for SMEs in Your Pocket. This 45-page guide to the IFRS for SMEs is similar to Deloitte's very popular IFRSs in Your Pocket guide to full IFRSs. IFRS for SMEs in Your Pocket takes each section of the IFRS for SMEs, summarises its requirements, and highlights differences with full IFRS requirements. There is also a chronology of the development of the IFRS for SMEs and a discussion of how the IFRS for SMEs differs from full IFRSs.

Click to download El IFRS para PYMES en su bolsillo (Español) (PDF 525k, April 2010).

Deloitte's IFRS Global Office has published the Global Edition of IFRS for SMEs in Your Pocket. This 45-page guide to the IFRS for SMEs is similar to Deloitte's very popular IFRSs in Your Pocket guide to full IFRSs. IFRS for SMEs in Your Pocket takes each section of the IFRS for SMEs, summarises its requirements, and highlights differences with full IFRS requirements. There is also a chronology of the development of the IFRS for SMEs and a discussion of how the IFRS for SMEs differs from full IFRSs. Click to download IFRS for SMEs in Your Pocket (Global Edition) (PDF 406k).

Deloitte United Kingdom has published the UK edition of IFRS for SMEs in your Pocket (PDF 273k). This 88-page guide to the IFRS for SMEs is similar to Deloitte's very popular IFRSs in your Pocket guide to full IFRSs. This pocket guide is based on an international version produced by Deloitte's IFRS Global Office. IFRS for SMEs in your Pocket takes each section of the IFRS for SMEs, summarises its requirements, and highlights differences with full IFRS requirements. Additional guidance describing application of the IFRS for SMEs in the UK is added in shaded text. The IFRS for SMEs is particularly relevant in the United Kingdom because the Accounting Standards Board (ASB) has proposed that the IFRS for SMEs should replace UK Financial Reporting Standards. Specifically, the ASB has proposed a three-tier approach to developing UK GAAP converged with IFRSs as follows:

• Tier 1 – publicly accountable entities would apply IFRSs as adopted by the EU.
• Tier 2 – all other UK entities, except those that elect to apply the Financial Reporting Standard for Smaller Entities (FRSSE), would apply the IFRS for SMEs.
• Tier 3 – small entities could choose to continue to apply the FRSSE if they do not exceed two or more of the following criteria: turnover £6,500,000; balance sheet total £3,260,000; and average number of employees 50.

The latest edition of Deloitte's iGAAP 2012 — A Guide to IFRS reporting provides guidance on a range of issues with analysis of key considerations for reporting entities coupled with clear and unambiguous explanation of IFRS requirements. The guide provides insight into how complex practical issues should be resolved and illustrative examples to demostrate how the standards work in practice.

New material includes:

• IFRS 10 Consolidated Financial Statements
• IFRS 11 Joint Arrangements
• IFRS 12 Disclosure of Interests in other Entities
• IFRS 13 Fair Value Measurement
• IFRIC 12 Service Concession Arrangements
• Practice Statement Management Commentary which sets out a non-binding framework for the presentation of management commentary to accompany IFRS financial statements.
• First two chapters of the IASB’s Conceptual Framework for Financial Reporting issued in September 2010 — Chapter 1 The objective of general purpose financial reporting and Chapter 3 Qualitative characteristics of useful financial information.
• Amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards
• Amendments to IAS 12 Income Taxes
• Amendments to IAS 1 Presentation of Financial Statements
• A revised version of IAS 19 Employee Benefits

Orders for this guide may be placed via www.lexisnexis.co.uk/deloitte.

The latest edition of this comprehensive guide sets out comprehensive guidance for UK companies reporting under IFRSs. It has been updated not only to deal with new or amended requirements but also to reflect increased practical experience of dealing with IFRS issues and include many more illustrative examples.

New material includes:

• Amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards
• Amendments to IAS 12 Income Taxes
• Amendments to IAS 1 Presentation of Financial Statements
• A revised version of IAS 19 Employee Benefits
• IFRS 10 Consolidated Financial Statements
• IFRS 11 Joint Arrangements
• IFRS 12 Disclosure of Interests in other Entities
• IFRS 13 Fair Value Measurement
• IFRIC 12 Service Concession Arrangements

The publication can be purchased through LexisNexis online at www.lexisnexis.co.uk/deloitte.

The fourth edition of this guide sets out comprehensive guidance for entities reporting under IFRSs. It has been updated not only to deal with new and amended requirements but also to reflect increased practical experience of dealing with IFRS issues and to include many more illustrative examples.

As well as dealing comprehensively with Standards that apply for periods ending 31 December 2010, it also covers those further pronouncements issued by the IASB that will apply from 2011. New material includes:

• IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments,
• the revised version of IAS 24 Related Party Disclosures,
• the IASB's amendments to existing Standards,
• an overview of the IFRS for SMEs, identifying key differences with full IFRSs,
• IFRS 9 Financial Instruments.

Orders for this guide may be placed via www.lexisnexis.co.uk/deloitte.

The fourth edition of this comprehensive guide sets out comprehensive guidance for UK companies reporting under IFRSs. It has been updated not only to deal with new or amended requirements but also to reflect increased practical experience of dealing with IFRS issues and include many more illustrative examples. It states the differences between the requirements of IFRSs and UK GAAP, and also identifies those UK specific requirements that continue to apply to companies applying IFRSs.

As well as dealing comprehensively with standards that will apply for periods ending 31 December 2010, it also covers those further pronouncements issued by the IASB up to 31 July 2010 that are not yet mandatory, distinguishing clearly those that have not yet been endorsed by the European Commission. New material includes:

• IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments
• the revised version of IAS 24 Related Party Disclosures
• the IASB's amendments to existing standards
• an overview of the IFRS for SMEs, identifying key differences with full IFRSs
• IFRS 9 Financial Instruments.

The publication can be purchased through LexisNexis online at www.lexisnexis.co.uk/deloitte.

Deloitte (Japan) has published a Japanese translation of the global edition of iGAAP 2010. This three-volume set, in Japanese, includes all the content of the English edition of iGAAP 2010. The Japanese version covers the following topics:

• Volume 1. Framework, financial statements, accounting policies, inventory, fixed assets, impairment of assets, leases, borrowing costs, provisions, revenue, construction contracts, share-based payments
• Volume 2. Employee benefits, income taxes, consolidated and separate financial statements, business combinations, investments in associates, joint ventures, foreign currency, statement of cash flows, subsequent events, related party disclosures, operating segments, earnings per share, interim financial reporting, government grants, hyperinflation, agriculture, insurance, mineral exploration and evaluation, first-time adoption
• Volume 3. Financial instruments - financial assets, financial liabilities and equity, derivatives, embedded derivatives, measurement, recognition and derecognition, hedge accounting, disclosure, first-time adoption.

The publication can be purchased through LexisNexis online at http://lexisbookstore.jp/.

Deloitte's iGAAP 2010–A Guide to IFRS Reporting is a 2,918-page book that sets out comprehensive guidance for entities reporting under IFRSs. The Guide focuses on the practical issues faced by reporting entities; explains clearly the requirements of IFRSs; adds interpretation and commentary where IFRSs are silent, ambiguous or unclear; and provides many illustrative examples. Orders may be placed via www.lexisnexis.co.uk/deloitte or call +44 (0) 845 370 1234. Click for Descriptive Booklet about This and Related iGAAP Publications for 2010 (PDF 248k), which also has information about other Deloitte IFRS and UK GAAP publications available from Lexis-Nexis. The price of iGAAP 2010 is £104.

This comprehensive handbook provides thorough and detailed guidance for UK companies reporting to International Finance Reporting Standards in the face of complex and frequently changing standards. This indispensable guide provides essential and far ranging support across a range of areas:

• Taking a close up look at the practical aspects of compliance
• Highlighting the requirements of IFRSs and how they differ from UK GAAP
• Providing clarity and commentary upon IFRSs which are open to interpretation
• Identifying UK-specific requirements that continue to apply

Deloitte Taiwan has published iGAAP 2009 Chinese Version. This three-volume set, in traditional Chinese, includes all the content of iGAAP 2009 English Version. The Chinese version is organised as follows:

• Volume 1: Preface, Framework, IAS 1, IAS 8, IAS 16, IAS 40, IAS 38, IAS 36, IAS 2, IAS 12, IAS 18, IAS 19, IFRS 2, IFRS 8, IAS 26
• Volume 2: Includes all of the iGAAP chapters relating to financial instruments (IAS 32, IAS 39, IFRS 7) and insurance contracts (IFRS 4)
• Volume 3: IAS 37, IAS 23, IAS 21, IFRS 5, IAS 7, IAS 10, IAS 24, IAS 27, IFRS 3, IAS 28, IAS 31, IAS 33, IAS 34, IAS 11, IAS 20, IAS 29, IAS 41, IFRS 1

Guide to IFRIC 12 Service Concession Arrangements
In February 2011, Deloitte's IFRS Global Office published IFRIC 12 Service concession arrangements – A pocket practical guide (PDF 241b).

The Guide is intended to serve as an illustrative tool for the reader in the application of IFRIC 12 Service Concession Arrangements, providing analysis of the requirements of IFRIC 12 and practical guidance with examples that address some of the more complex issues around service concession arrangements. The Guide provides guidance on scope, the determination of the accounting model, specific characteristics of concessions that are common (take-or-pay arrangements, capacity availability, etc.) and much more.

Click for IFRIC 12 Service concession arrangements – A pocket practical guide (PDF 241k, February 2011, 59 pages).

• An executive summary explains the most important features of IFRS 1;
• Section 2 provides an overview of the requirements of the Standard;
• Sections 3 and 4 cover the specific exceptions and exemptions from IFRS 1's general principle of retrospective application of IFRSs, focusing on key implementation issues;
• Section 5 addresses other components of financial statements where implementation issues frequently arise in practice;
• Section 6 sets out Q&As dealing with specific fact patterns that users may encounter in practice; and
• Section 7 discusses some of the practical implementation decisions faced by first-time adopters.

The main objectives of the survey were to discover:

• the level of variety in presentation of the primary statements in listed companies' financial statements;
• which critical judgments and key estimations directors consider to be the most significant when preparing their financial statements;
• how compliance with disclosure requirements and the accounting policy choices made under IFRSs varied;
• the impact of changes to accounting standards effective for the first time in 2009; and
• how companies comply with disclosure requirements specific to Swiss listed companies.

Click for:

• IFRS Survey 2010: A closer look at financial reporting in Switzerland (PDF 2,507k)

Deloitte (Canada) has published IAS 34 – Interim financial reporting: A Canadian perspective, a comprehensive reference source on interim financial reporting for financial statement preparers and users with a working knowledge of Canadian GAAP and securities requirements. The guide is available in English and French.

The guide includes suggested model interim financial statements for a Canadian issuer in the post-IFRS changeover regime. These are based on the model interim financial statements provided in our global publication but tailored so that they look and feel, to the user, much more like the Canadian interims they have seen in the past without taking away from the mandatory IAS 34 requirements.

Click for:

• IAS 34 – Interim financial reporting: A Canadian perspective (English, PDF 684k, July 2010, 95 pages)
• IAS 34 – Information financière intermédiaire: Le point de vue canadien (French, PDF 777k, July 2010, 100 pages)

• Classification of share-based payments
• Measurement and recognition
• Effective tax rate
• Information systems

• Download IFRS: What it Means for Private Company Reporting (PDF 725k, May 2009, 10pp)
• Go to the Deloitte Center for Corporate Governance Website

• Full Report: Half a Story (PDF 1,699k, February 2008)
• Deloitte News Release (PDF 26k)

• Financial Instruments
• Presentation of Financial Statements
• Share-Based Payment
• Revenue
• Provisions
• Business Combinations
• Earnings per Share
• Income Taxes
• Intangible Assets
• Segment Reporting

• SEC Staff Review Process
• Best Practices for Managing Unresolved SEC Comment Letters
• Tips for Searching the SEC's Database for Comment Letters
• Deloitte IFRS and SEC Resources

• The conversion of Canadian GAAP to IFRSs: Volume One – Scoping the Effort (PDF 505k, English, 74 pages, May 2007)
• La conversion des PCGR du Canada aux IFRS: Volume 1 – Évaluation du travail (PDF 1,091k, French, 86 pages, May 2007)

• Evaluating the potential technology impact
• How companies can prepare technology and systems changes related to IFRS adoption
• Major differences between US Generally Accepted Accounting Principles (GAAP) and IFRS differences and what it means for systems
• Key IFRS discoveries from some companies around the globe

We have also published a Chinese Translation of our Summary of Key Differences Between IFRSs and US GAAP as of June 2004 (PDF 576k, June 2004, 17 Pages A4 size).

• Comparison of IFRSs and New Chinese Accounting Standards – in English (PDF 348k, August 2006).
• Comparison of IFRSs and New Chinese Accounting Standards – in Chinese (PDF 877k, July 2006).

• Wording has been amended to accommodate the New Zealand legislative environment, for example, references to the Financial Reporting Act 1993.
• Additional/amended requirements for public benefit entities.
• In some cases the FRSB has permitted only one of a number of options available in the corresponding IFRS.
• Additional disclosures.

IFRS Industry Insights: The Revenue Recognition Project — An update for the manufacturing industry (Issue 3)

In February 2012, Deloitte's IFRS Global Office published IFRS Industry Insights: The Revenue Recognition Project — An update for the manufacturing industry (PDF 100k).

This publication addresses identifying separate performance obligations, determining the transaction price, allocating the transaction price to separate performance obligations, recognising revenue as the performance obligations are satisfied, and constraining the cumulative amount of revenue recognised.

IFRS Industry Insights: The Revenue Recognition Project — An update for the consumer business industry (Issue 3)

In February 2012, Deloitte's IFRS Global Office published IFRS Industry Insights: The Revenue Recognition Project — An update for the consumer business industry (PDF 89k).

This publication provides an update on the Revenue Recognition project for the consumer business industry.

IFRS Industry Insights: The Revenue Recognition Project — an update for the software industry

In December 2011, Deloitte's IFRS Global Office published IFRS Industry Insights: The Revenue Recognition Project — An update for the software industry (PDF 88k).

This publication provides an overview of the exposure draft Revenue from Contracts with Customers and the potential implications of the proposals on the software industry.

IFRS Industry Insights: The new consolidation standard — insights for the financial services industry

In October 2011, Deloitte's IFRS Global Office published IFRS Industry Insights: The new consolidation standard — insights for the financial services industry (PDF 116k).

This publication provides an update on the Consolidation project for the financial services industry.

IFRS Industry Insights: The new joint arrangements standard — insights for the real estate industry

In September 2011, Deloitte's IFRS Global Office published IFRS Industry Insights: The new joint arrangements standard — insights for the real estate industry (PDF 115k).

This publication provides an update on the Joint Arrangements project for the real estate industry.

IFRS Industry Insights: The Leases Project – An update for the consumer business industry (Issue 2)

In September 2011, Deloitte's IFRS Global Office published IFRS Industry Insights: The Leases Project – An update for the consumer business industry (PDF 94k).

This publication provides an update on the IASB's Leases project for the consumer business industry.

IFRS Industry Insights: The new consolidation standard — insights for the real estate industry

In September 2011, Deloitte's IFRS Global Office published IFRS Industry Insights: The new consolidation standard — insights for the real estate industry (PDF 101k).

This publication provides an update on the Consolidation project for the real estate industry.

IFRS Industry Insights: The new consolidation standard — insights for the investment management industry

In August 2011, Deloitte's IFRS Global Office published IFRS Industry Insights: The new consolidation standard — insights for the investment management industry (PDF 503k).

This publication provides an update on the Consolidation project for the investment management industry.

IFRS Industry Insights: The Revenue Recognition Project — An update for the consumer business industry (Issue 2)

In July 2011, Deloitte's IFRS Global Office published IFRS Industry Insights: The Revenue Recognition Project — An update for the consumer business industry (PDF 83k).

This publication provides an update on the Revenue Recognition project for the consumer business industry.

IFRS Industry Insights: The Revenue Recognition Project — An update for the manufacturing industry (Issue 2)

In July 2011, Deloitte's IFRS Global Office published IFRS Industry Insights: The Revenue Recognition Project — An update for the manufacturing industry (PDF 98k).

This publication addresses production costs under long-term production programmes, financial statement disclosures, transitional requirements, and the IASB and FASB's decision to re-exposure their tentative decisions in the revenue project.

IFRS Industry Insights: The Revenue Recognition Project — An update for the telecommunications industry

In June 2011, Deloitte's IFRS Global Office published IFRS Industry Insights: The Revenue Recognition Project — An update for the telecommunications industry (PDF 93k).

IFRS Industry Insights: Joint Arrangements in the Energy and Resources Industry

In June 2011, Deloitte's IFRS Global Office published IFRS Industry Insights: Joint Arrangements in the Energy and Resources Industry (PDF 116k).

This publication discusses the implications of IFRS 11 Joint Arrangements to the energy and resources industry.

IFRS Industry Insights: The Revenue Recognition Project — An update for the manufacturing industry

In May 2011, Deloitte's IFRS Global Office published IFRS Industry Insights: The Revenue Recognition Project — An update for the manufacturing industry (PDF 484k).

This publication addresses the identification and satisfaction of separate performance conditions, the onerous contract test, contract costs, fulfilment costs and warranties in light of constituent comment and subsequent redeliberations of the exposure draft on Revenue from Contracts with Customers issued by the IASB and US FASB in June 2010.

IFRS Industry Insights: The Revenue Recognition Project — An update for the consumer business industry

In May 2011, Deloitte's IFRS Global Office published IFRS Industry Insights: The Revenue Recognition Project — An update for the consumer business industry (PDF 93k).

This publication addresses satisfaction of performance obligations, breakage, uncertain consideration, licenses of intellectual property, warranties, and contract costs, and lease terms, which were subjects of respondent comments on exposure draft on Revenue from Contracts with Customers issued by the IASB and US FASB in June 2010.

IFRS Industry Insights: The Leases Project — An update for the financial services industry

In May 2011, Deloitte's IFRS Global Office published IFRS Industry Insights: The Leases Project — An update for the financial services industry (PDF 95k).

This publication addresses recognition of assets and liabilities, expense recognition pattern for lessees, contracts containing both lease and service components, variable lease payments, and lease terms, which were subjects of respondent comments on exposure draft on leases issued by the IASB and US FASB in August 2010.

IFRS Industry Insights: The Leases Project — An update for the shipping industry

In April 2011, Deloitte's IFRS Global Office published IFRS Industry Insights: The Leases Project — An update for the shipping industry (PDF 70k).

This publication addresses subsequent board discussions on the definition of a lease, contracts that contain both lease and service components, pattern of expense recognition for lesses, and variable lease payments, which were subjects of respondent comments on exposure draft on leases issued by the IASB and US FASB in August 2010.

IFRS Industry Insights: The Leases Project — An update for the energy and resources industry

In April 2011, Deloitte's IFRS Global Office published IFRS Industry Insights: The Leases Project — An update for the energy and resources industry (PDF 94k).

This publication addresses subsequent board discussions on the definition of a lease, contracts that contain both lease and service components, variable lease payments, and lease term, which were subjects of respondent comments on exposure draft on leases issued by the IASB and US FASB in August 2010.

IFRS Industry Insights: The Leases Project — An update for the manufacturing industry

In April 2011, Deloitte's IFRS Global Office published IFRS Industry Insights: The Leases Project — An update for the manufacturing industry (PDF 98k).

This publication addresses subsequent board discussions on the definition of a lease, contracts that contain both lease and service components, expense recognition pattern for lessees, variable lease payments, and lease term, which were subjects of respondent comments on exposure draft on leases issued by the IASB and US FASB in August 2010.

IFRS Industry Insights: The Revenue Recognition Project — An update for the telecommunications industry

In April 2011, Deloitte's IFRS Global Office published IFRS Industry Insights: The Revenue Recognition Project — An update for the telecommunications industry (PDF 75k).

This publication addresses subsequent board discussions on the indentification of separate performance obligations, contract costs, onerous contract test, and contract modifications, which were subjects of respondent comments on exposure draft on Revenue from Contracts with Customers issued by the IASB and US FASB in June 2010.

IFRS Industry Insights: The Leases Project – An update for the shipping industry

In March 2011, Deloitte's IFRS Global Office published IFRS Industry Insights: The Leases Project – An update for the shipping industry (PDF 76k). An updated version was released in April 2011.

This publication addresses subsequent board discussions on the definition of a lease, lease term and variable lease payments, which were three of the main subjects of respondent comments on the leases proposal issued by the IASB and US FASB in August 2010.

IFRS Industry Insights: The Leases Project – An update for the consumer business industry

In March 2011, Deloitte's IFRS Global Office published IFRS Industry Insights: The Leases Project – An update for the consumer business industry (PDF 79k).

This publication addresses three of the more contentious issues highlighted by the consumer business industry through feedback on the leases proposal issued by the IASB and US FASB in August 2010. Three of the more significant issues raised by the consumer business industry during the open comment period and subsequent roundtable discussions were around lease term, variable lease payments and the pattern of expense recognition.

IFRSs for Investment Funds

Harnessing the forces of change: IFRS for Investment Funds addresses and highlights the major differences between IFRS and the US Generally Accepted Accounting Principles (US GAAP). As the acceptance of IFRS in the US and elsewhere becomes more imminent, this report provides investment managers with key issues they should be considering when approaching IFRS.

The accompanying paper Harnessing the forces of change: Illustrative financial statements 2010 provides descriptive examples. It includes a variety of example industry disclosures to provide investment managers with a clearer idea of what the switch to IFRS would entail.

Click for:

• Harnessing the forces of change: IFRS for Investment Funds (PDF 510k, December 2010)
• Harnessing the forces of change: Illustrative financial statements 2010 (PDF 279k, December 2010)
• Aprovechando las fuerzas del cambio — IFRS para los fondos de inversión (Spanish translation, PDF 279k)
• Aprovechando las fuerzas del cambio — Estados financieros IFRS 2010 ilustrativos (Spanish translation, PDF 823k)

Revenue recognition for technology companies

In June 2010, the IASB and the FASB jointly published an Exposure Draft (ED) on Revenue from Contracts with Customers. The core principle proposed in the ED would require an entity to recognise revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to receive in exchange for those goods or services.

Deloitte UK has published Revenue recognition for technology companies, giving examples of how the proposed approach in the Exposure Draft will be applied in scenarios common to technology companies who report under both IFRS and US GAAP.

Click for Revenue recognition for technology companies (PDF 2,295k, October 2010).

• Understanding the implications of IFRS � including the impact in accounting and finance, tax, systems and human resources � for the automotive industry
• Key technical accounting differences between IFRS and U.S. Generally Accepted Accounting Principles (GAAP) for the automotive industry
• Evaluating approaches to IFRS conversion
• Developing an IFRS road map
• IFRS lessons from the European experience

• Understanding the implications of IFRS for the shipping industry
• A business case for IFRS
• Key accounting differences between IFRS and US Generally Accepted Accounting Principles (GAAP) for the shipping industry
• Evaluating approaches to IFRS conversion
• Developing an IFRS road map
• IFRS lessons from the European experience
• Key action steps for shipping industry executives

• Industry Views on IFRS for Investment Funds
• Challenges and Opportunities for Investment Funds
• Your Roadmap
• Technical Accounting Issues for Investment Funds
• More Than Accounting and Financial Reporting
• Smoothing the Transition
• Time for Leadership
• Resources & Contacts

• Understanding the implications of IFRS (in accounting and beyond) for the process and industrial products industry
• Key technical accounting differences between IFRS and U.S. Generally Accepted Accounting Principles
• Evaluating approaches to IFRS conversion
• Developing an IFRS road map
• IFRS lessons from the European experience

• Challenges and opportunities facing hospitality companies
• The potential implications of IFRS relating to human resources, regulatory, tax, treasury, contract management, accounting and technology issues
• Evaluating approaches to IFRS conversion
• Planning for IFRS adoption

• Understanding the implications of IFRS for the banking and capital markets industry for accounting and finance, systems and tax
• Reviewing key differences between IFRS and U.S. Generally Accepted Accounting Principles (GAAP)
• Evaluating approaches to IFRS conversion
• Developing an IFRS road map
• IFRS lessons from the European experience

• Key differences between IFRS and U.S. Generally Accepted Accounting Principles for consumer products companies
• The potential implications of IFRS with regard to accounting and finance, systems and tax
• Evaluating approaches to IFRS conversion
• Developing an IFRS road map

• Understanding the costs and benefits of IFRS application for the power and utilities industry for accounting and finance, systems and tax
• Key differences between IFRS and US Generally Accepted Accounting Principles for the power and utilities industry
• Evaluating approaches to IFRS conversion
• IFRS lessons from the European experience

• Key differences between IFRS and US Generally Accepted Accounting Principles for retail companies
• The potential implications of IFRS with regard to accounting and finance, systems and tax
• Evaluating approaches to IFRS conversion
• Developing an IFRS road map

• Understanding the implications of IFRS (in accounting and beyond) for the aerospace and defense industry
• Key technical accounting differences between IFRS and U.S. Generally Accepted Accounting Principles
• Evaluating approaches to IFRS conversion
• Developing an IFRS roadmap
• IFRS lessons from the European experience

• Why should technology companies care about IFRS?
• What are some of the significant differences between IFRS and U.S. Generally Accepted Accounting Principles (GAAP) for technology companies?
• How might IFRS impact the technology companies? And what are the accounting, tax, systems, and organizational implications of IFRS?
• Where should technology companies start? Which approach would work when it comes to IFRS?
• What lessons have been learned from the European experience?

• IFRS challenges and opportunities in life sciences
• Implications of IFRS for financial reporting, tax, human resources, mergers and acquisitions, IT, and treasury
• Key actions steps for life science executives
• Approaches to IFRS conversion
• Key differences between IFRS and US Generally Accepted Accounting Principles (GAAP) for the life science industry

• Understanding the implications of IFRS for the oil and gas industry for accounting and finance, systems and tax
• Key differences between IFRS and US Generally Accepted Accounting Principles (GAAP) for the oil and gas industry
• Evaluating approaches to IFRS conversion
• Developing an IFRS road map
• IFRS lessons from the European experience

• IFRS Considerations for the Oil and Gas Industry (PDF 269k, English, October 2008, 13 pages)
• Estándares internacionales de información financiera: Consideraciones para la industria de petróleo y gas (PDF 2,928k, Spanish, October 2008, 13 pages).

• IFRS challenges and opportunities in the real estate industry
• Implications of IFRS for financial reporting, tax, human resources, mergers and acquisitions, information technology, and treasury
• Key action steps for real estate executives
• Approaches to IFRS conversion
• Key differences between IFRS and US Generally Accepted Accounting Principles for the real estate industry

• Insurance product design, price and offerings
• Investment strategy
• Risk management practices
• Securitisation
• Merger and acquisition (M&A) activity

This publication provides an overview of the recently issued revised exposure draft Revenue from Contracts with Customers and the potential implications of the proposals on the telecommunications industry.

Click to download Accounting for revenue in the telecommunications industry (PDF 470k).

This publication provides a closer look at the IASB's projects to amend the accounting for financial instruments and other projects likely to have significant implications for financial instrument accounting. Topics discussed include the following:

• Financial asset classification and measurement
• Financial liability classification and measurement
• Impairment of financial assets
• Hedge accounting
• Offsetting of financial assets and financial liabilities
• Derecognition disclosures
• Fair value measurement
• Consolidation
• Financial instruments with characteristics of equity

Click to download Putting the Pieces Together: An Update on the IASB's Projects to Improve the Accounting for Financial Instruments and Other Related Projects (PDF 182k).

On 31 January 2011, the IASB and US FASB issued for public comment a Supplement to the IASB's original exposure draft ED/2009/12 Financial Instruments: Amortised Cost and Impairment. The Supplement proposes an expected loss impairment model that aims to achieve convergence between the IASB's original proposals and the FASB's original proposals in Accounting Standards Update Accounting for Financial Instruments and Revisions to the Accounting for Derivative Instruments and Hedging Activities. This publication highlights the views and concerns on the IASB's original proposals and how they have been addressed in the new proposals.

Click to download Impairment of Financial Assets: A Closer Look at How the IASB and FASB Considered Feedback (PDF 128k).

• Foreword by Jim Quigley, Chief Executive Officer, Deloitte Touche Tohmatsu
• Where are we now?
• What are US companies doing today?
• What should boards and audit committees be considering?
• A practical 'Issues Guide' outlining some potential accounting differences between IFRS and US GAAP, as well as presenting questions the board and audit committee can raise with management

• A high-level overview of IFRS accounting requirements and potential IFRS-U.S. Generally Accepted Accounting Principles differences.
• Implementation considerations.
• Key questions audit committees should ask.

• determining fair values in inactive markets,
• revised projections of economic outlook indicating impairment and lack of recoverability for many assets,
• reduced availability of credit and increasing cost of finance,
• increased levels of bankruptcy,
• the impacts on hedge accounting, and
• critical enhanced disclosure requirements.