IFRS Considerations for the Automotive Industry

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Decibel levels continue to rise on the subject of  International Financial Reporting Standards (IFRS), with frequent communications from a variety of sources. As the volume increases, automotive executives may be asking: How will IFRS impact my company and industry? What triggering events would compel us to move more quickly to adopt IFRS? What obstacles might stand in our way? These issues are addressed in “International Financial Reporting Standards Considerations for the Automotive Industry,” a publication in our IFRS industry series.

This publication provides practical industry insights on IFRS and includes useful sections on:

• Understanding the implications of IFRS – including the impact in accounting and finance, tax, systems and human resources – for the automotive industry
• Key technical accounting differences between IFRS and U.S. Generally Accepted Accounting Principles (GAAP) for the automotive industry
• Evaluating approaches to IFRS conversion
• Developing an IFRS road map
• IFRS lessons from the European experience

Related Content:
Overview:  International Financial Reporting Standards 
Overview:   Automotive Industry 
Resources:  IFRS Resource Library 
Resources:  IFRS Industry Publications   

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