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U.S. GAAP: Accounting for Stockholders' Equity |
IFRS: Accounting for Stockholders' Equity |
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Mandatorily redeemable preferred shown as liability with dividends deducted as expense |
Mandatorily redeemable preferred shown as liability with dividends deducted as expense
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Fair value method required for share-based compensation plans; special simplified method prescribed for nonpublic companies
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Mandatory income statement recognition of effect of stock-based compensation measured at fair value; no special rules for nonpublic entities |
| Fair value measurement of goods and services acquired for stock from nonemployees using counterparty’s commitment or actual performance date |
Fair value measurement of goods and services acquired for stock from nonemployees using modified grant date method
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Income tax benefits related to share-based payment (measured by spread between current fair value and exercise price) credited to equity; any payroll taxes recognized in expense at time of exercise
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Tax benefits related to share-based payments credited to equity only if in excess of compensation expense; any payroll taxes recognized in expense over same period as recognition of option plan cost (vesting period) |
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Tax benefits related to share-based payments based on GAAP expense, later adjusted when actual tax effects are realized
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Tax benefits related to share-based payments based on expected applicable tax deduction |
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Modifications of awards require new measurement based on date of modification
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Modifications do not trigger new measurement of fair value |
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Joint project with IASB to address instruments with features of both liabilities and equity
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Joint project with FASB to address instruments with features of both liabilities and equity |
