A Closer Look at Share-based Payment Plans and IFRS

A shift from U.S. Generally Accepted Accounting Principles (U.S. GAAP) to International Financial Reporting Standards (IFRS) will pose challenges that span across accounting, tax, systems, and operations for U.S. companies. Differences between the two sets of standards - even in areas where there has been substantial convergence - could result in changes that may ultimately affect a company's financial statements and income tax position.