IFRS vs US GAAP Intangible assets goodwill
– The comparison starts with an overview of the differences and similarities between IFRS and US GAAP, and followed by more detailed differences and similarities on a reporting line level.
Topic 35o Intangibles-Goodwill and Other
Subtopic 720-15 Other expenses – Start-up costs
Subtopic 720-35 Other expenses = Advertising costs
Topic 730 Research and development arrangements
Subtopic 985-20 Software – Costs of software to be sold, leased or marketed
| IAS 38 Intangible assets
The following discussion captures a number of the more significant GAAP differences ans similarities under both the above mentioned standards. It is important to note that the discussion is not inclusive of all GAAP differences in this area.
In overview the similarities and differences are as follows: