ifrs vs gaap

3 articles

Fixed Asset Useful Life: MACRS, GAAP, IFRS & NetSuite

Compare fixed asset useful life tables and depreciation rules across IRS MACRS, US GAAP, and IFRS. Learn to configure NetSuite FAM for multi-book accounting.

May 24, 2026• 20 min read

fixed asset managementuseful life tablesmacrs depreciation

ASC 330 Inventory Valuation: Write-Downs & Reversals

Explore ASC 330 inventory valuation and write-down mechanics. Understand the lower of cost or NRV rule and why US GAAP strictly prohibits impairment reversals.

February 25, 2026• 28 min read

asc 330inventory valuationus gaap

Global Accounting Standards: A Guide to IFRS vs. GAAP

Learn the key differences between global accounting standards like IFRS and U.S. GAAP. This guide compares financial reporting frameworks by country.

October 12, 2025• 45 min read

accounting standardsifrsus gaap