IFRS in the Aerospace and Defense IndustryA reasoned response to alternative reporting frameworks |
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Aerospace and defense (A&D) companies may find that they are encountering International Financial Reporting Standards (IFRS) more frequently — especially as their industry experiences increased globalization. Today, A&D companies are reaching beyond their domestic markets to become true global companies with customers, manufacturing, suppliers, strategic alliances and joint ventures around the world. The trend will likely accelerate as well-funded and ambitious competitors become more formidable in regions where previously there was little competition. With globalization, more A&D executives are facing questions about IFRS and considering how to respond effectively. “IFRS in the Aerospace and Defense Industry,” a publication in our IFRS industry series, addresses these issues.
The publication provides practical industry insights on IFRS and includes useful sections on:
- Understanding the implications of IFRS (in accounting and beyond) for the aerospace and defense industry
- Key technical accounting differences between IFRS and U.S. Generally Accepted Accounting Principles
- Evaluating approaches to IFRS conversion
- Developing an IFRS roadmap
- IFRS lessons from the European experience
Learn more about how to address IFRS in aerospace and defense by downloading the publication below.
Related Content:
Overview: International Financial Reporting Standards
Overview: Aerospace & Defense Industry
Resources: IFRS Resource Library
Resources: IFRS Industry Publications
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IFRS in the Aerospace and Defense Industry
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