FASB Simplifies Credit Losses for Accounts Receivable and Contract Assets
Accounting for credit losses has required companies to peer into the economic fog, projecting how shifts in employment, inflation, or policy might affect a customer’s…
Conversion of US GAAP Financial Statements to IFRS
Businesses seeking to expand internationally and those seeking new foreign investors are often asked to convert their US GAAP financials to International Financial Reporting Standards (IFRS). Over 100 Countries now use IFRS. AAFCPAs’ Commercial Assurance practice has in-depth experience in IFRS and provides solutions on various aspects of the conversion process.
Converting US GAAP to IFRS is a significant transformational event for a company, and often requires the involvement of cross-functional teams to design the most efficient conversion process, including both finance executives and operational professionals. AAFCPAs designs and executes conversion projects to fit the skill level and availability of our clients’ in-house team.
IFRS Conversion & Reporting Solutions
AAFCPAs has 50+ years of proven experience serving global companies. We have earned a stellar reputation serving US companies entering global markets and making an immediate, positive impact. We work seamlessly with our overseas affiliates and our internationally-based clients’ local advisors to balance our clients’ U.S. tax, regulatory and operations considerations to optimize their global growth strategies.
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Accounting for credit losses has required companies to peer into the economic fog, projecting how shifts in employment, inflation, or policy might affect a customer’s…
During AAFCPAs’ recent Nonprofit Seminar (April 2025), Matthew Hutt, CPA, CGMA, Partner, and Jennifer A. L'Heureux, CPA, Manager, shared insights with more than 550 attendees…
AAFCPAs would like to make clients aware that in December 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) 2023-08, Intangibles –…
Every situation is unique. We look forward to speaking with you to determine how we may best solve your needs.