Issue 3 of The Essentials: Sizing Up the Balance Sheet
May 05, 2015
On May 5, 2015, the International Accounting Standards Board released “The Essentials”, which aims to increase investors’ awareness of IFRS and to enhance the insights they obtain when analyzing information produced by IFRS financial statements. Each issue aims to provide an overview of how a specific accounting Standard (or aspect of it) is relevant to financial statement analysis.
U.S. GAAP and IFRS treat offsetting in different ways. This difference can affect the size of the balance sheet reported by banks. In this issue of the Essentials the IASB explains how investors can leverage the notes to the financial statements to make comparisons between the balance sheets of banks.
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