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The Impairment of Long-Lived Assets and Reversing Revaluation Review under US GAAP VS. IFRS Models in the United States

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  • Karina Kasztelnik

Abstract

The impairment valuation of assets plays a central role in the accounting and operating decisions of the multinational companies. Although these techniques based on a similar theory, they may generate different results in application. This study incorporates an empirical approach to compare the outcomes of the two valuations- under US GAAP and IFRS (International Financial Reporting Standards). The aim of this study it to make the observation whether these valuation methods result in different values and to contribute to the understanding of why these two valuations, although similar in theory, may generate different results when applied to real life companies. In addition, this study will respond to readers this article, what kind of the management decision should make CEO before the first-time adoption IFRS in the U.S.A from management accounting perspective. This article will help the audience develop and internalize a model for making business judgments.

Suggested Citation

  • Karina Kasztelnik, 2015. "The Impairment of Long-Lived Assets and Reversing Revaluation Review under US GAAP VS. IFRS Models in the United States," Accounting and Finance Research, Sciedu Press, vol. 4(3), pages 106-106, August.
    • Handle: RePEc:jfr:afr111:v:4:y:2015:i:3:p:106
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    References listed on IDEAS

    as
    1. Coste Andreea Ioana & Fekete Pali-Pista Szilveszter, 2013. "Harmonization Of National Regulation And International Financial Reporting Standards - Particular Case Of Noncurrent Assets," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 1190-1197, July.
    2. Keryn Chalmers & Greg Clinch & Jayne M. Godfrey & Zi Wei, 2012. "Intangible assets, IFRS and analysts’ earnings forecasts," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 52(3), pages 691-721, September.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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