Accounting for Employee Benefits and Stock-Based Compensation Under IFRS

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Implications and Considerations for U.S. Companies

Over the next few years, publicly-held companies in the U.S. will need to assess the implications of differences between International Financial Reporting Standards (IFRS) and U.S. GAAP as they prepare for the adoption of IFRS. Understanding those differences — focusing in particular on the standards expected to be in place in the first year of reporting under IFRS — can help companies develop a transition strategy and manage balance sheet and income statement volatility.

This paper explores the key differences between IFRS and U.S. GAAP in accounting for employee benefits and stock-based compensation. It looks not just at the existing rules, but also at changes contemplated by the International Accounting Standards Board (IASB).