The Handbook to IFRS Transition and to IFRS U.S. GAAP Dual Reporting: Interpretation, Implementation and Application to Grey Areas

An indispensable guide to making the transition to dual IFRS/GAAP financial reporting

U.S. financial reporting will undergo an unprecedented level of change within the next several years. U.S. companies face a convergence between U.S. GAAP and IFRS, affecting several major accounting standards—most notably in the areas of leasing, revenue recognition, and financial instruments. It is imperative that U.S. companies understand these major changes and their business and operational implications. The IFRS U.S. GAAP Dual Reporting Handbook to First-Time Adoption offers a comprehensive treatment of both the principles and techniques of dual reporting under IFRS/U.S. GAAP, while exploring the practical implications for accounting professionals of reporting under both sets of standards.

• Takes an operating approach to the implementation and application of the dual standards
• Draws upon the author's extensive firsthand experience to dispel uncertainty and offer decision makers expert technical assistance
• Defines systemic changes businesses will need to make to accommodate IFRS standards
• Compares the two bodies of standards item-by-item and identifies solutions under one set of standards to issues arising under the other
• Explores the strategic impact of structuring a company for IFRS transition

In addition to covering the full range of critical issues surrounding adopting IFRS, this indispensable handbook is a rich resource of dual reporting tools, including financial statement formats, charts of accounts, accounting check-lists, reconciliation schedules, and operating manuals.

About the Author

Francesco Bellandi, U.S. CPA (Certified Public Accountant); Dottore Commercialista (Italian Chartered Accountant); Diploma in International Financial Reporting from the ACCA (The Association Of Chartered Certified Accountants, UK); Degree in Economics (summa cum laude), LUISS University; MBA, SDA Bocconi School of Business, Bocconi University; Diploma in Private Equity from the A.I.F.I. (Italy's private equity association).

Francesco Bellandi is a practitioner in U.S. GAAP/IFRSs dual reporting. He is a member of the AICPA, the NYSSCPA (New York State Society of Certified Public Accountants), the NYSSCPA's International Accounting & Auditing Committee.

He has served as a Board Director and Chief Financial Officer in Cobalt Waterline Group; Director Finance & Administration in Alitalia Maintenance Systems (Alitalia – Lufthansa Technik); Chief Financial Officer in Alitalia North America & Mexico, New York; Director Business Planning & Finance Performance SEMEA Southern Europe, Middle East, and Africa in Société Internationale de Télécommunications Aéronautiques; Manager Finance & Administration/Shared Services, Reengineering & Restructuring in Ernst & Young; Financial Controller and Logistics Manager in Ericsson; Financial Analyst in IRI (Istituto per la Ricostruzione Industriale).

Francesco Bellandi also holds executive seminars for CFOs on U.S. GAAP/IFRSs dual reporting.