differences between ias 37 and sfas 146 l.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Differences between IAS 37 and SFAS 146 PowerPoint Presentation
Download Presentation
Differences between IAS 37 and SFAS 146

Loading in 2 Seconds...

play fullscreen
1 / 7

Differences between IAS 37 and SFAS 146 - PowerPoint PPT Presentation


  • 444 Views
  • Uploaded on

Differences between IAS 37 and SFAS 146. Differences between IAS 37 and SFAS 146. Differences between IAS 37 and SFAS 146. Differences between IAS 37 and SFAS 146. Differences between IAS 37 and SFAS 146. Differences between IAS 37 and SFAS 146 .

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Differences between IAS 37 and SFAS 146' - andrew


Download Now An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
differences between ias 37 and sfas 1466
Differences between IAS 37 and SFAS 146

IAS 37 typically results in an entity recognizing one large expense before the restructuring commences,whereas

SFAS 146 results in expenses being recognized over the duration of the restructuring and each type of expense individuallyFurthermore, the expense applying IAS 37 could be recognized before any of the expenses are recognized applying SFAS 146.

differences between ias 37 and sfas 1467
Differences between IAS 37 and SFAS 146
  • Major Differences:
  • The current IAS 37 requires entities to recognize at a specified point a single liability (provision) for restructuring costs, whereas SFAS 146 requires entities to recognize a liability for each individual cost in a restructuring only when the entity has incurred an obligation for that cost, with no single liability for restructuring.
  • (b) Unlike the current IAS 37, SFAS 146 does not regard an announcement by management of a proposed restructuring as sufficient in itself to give rise to a constructive obligation.
  • (c) Due to the different recognition criteria in the two standards, liabilities may be recognized earlier applying the current IAS 37than they would be applying SFAS 146.