Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) both have similar definitions of what qualifies as an intangible asset, but there are ...

GAAP reports in detailed, precise formats; IFRS allows flexible, principle-based reporting. GAAP does not permit asset value recovery post-impairment; IFRS allows revaluation. IFRS does not ...

IFRS and GAAP are the two major systems ... plant and equipment (PPE), investment properly, financial assets, intangible assets, and assets valued on the equity method (accounting based on ...

Both IFRS and GAAP are "mixed models" with different ways to account for intangible assets acquired as part of a business combination compared to those that are internally developed. Identifying ...

FASB issued a new GAAP alternative Tuesday that is designed to make accounting for certain intangible assets acquired in a business combination less costly and less complicated for private companies.

The process of amortizing intangible assets is governed by accounting frameworks such as Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).

In the area of fixed assets and the resultant depreciation there are some major differences between the GAAP rules codified in ASC Topic 360 and the IFRS rules in IAS 16. In GAAP there is only one way ...

Two exceptions: Companies do not amortize goodwill nor an intangibles asset with a perpetual lifetime. Under GAAP, a company must measure at least annually for an intangible asset's permanent loss ...

which sets the International Financial Reporting Standard (IFRS), concluded in a little-noticed document dated June 21 that holdings of cryptocurrency meet the definition of an intangible asset ...