I'm trying to create a summary comparing the different accounting standards. For the differences so far I've got how gains and losses are recognized, assumptions, discount rate, long term return on assets. Am I missing anything else important that varies between the standards? Thanks
What about the following (these just popped into my head): - the purpose for each standard (i.e. FAS87 is used for US companies and subsidaries, IAS19 used for companies listed on stock exchange and FRS17 for others) - What are their aims - What needs to be disclosed (i.e. for IAS19, there is a list in the notes that states what needs to be disclosed) - Have you considered the FRS102 where the ERA = discount rate?
