Help needed on US GAAP and FASB Current Text


S

Sam Wang

Hi there,

I am a Canadian CGA (near completion) working for an company
listed on OTCBB. I have some questions and would like to
hear your opinions.

1. What are the differences between US GAAP and Canadian
GAAP? Are there any books dedicated to this subject? Are
there any authoritive information on the internet available?

2. The FASB's "General Standards / Industry Standards -
Current Text" is available on Amazon.com. But it is very
expensive. Is there any way to download a copy of the book
or a searchable database?

3. Does the book "Statements of Financial Accounting
Concepts" by FASB will help me to know more about US GAAP?

Thank you for your advice in advance.

Sam
 
Ad

Advertisements

J

JohnB

The FASB now has PDF files of their standards posted on their web
site:
http://www.fasb.org/public/

My career started when the AICPA Committee on Accounting
Principles was still in existence. I was working for a large firm
when FASB started. A major source of FASB revenue was
publication sales, so their publications were not cheap. Now that
they get some funding from the US Federal Government they can
afford to make the Standards available for download.

The FASB also offers a searchable data base for about $500 per
year, which I suspect is beyond what you can afford to pay for
this information.

The PricewaterhouseCoopers Information Guide for doing business
in Canada might have some comparisons of accounting principles in
Canada versus other countries. It costs about US $ 40
http://www.pwc.com/extweb/pwcpublications.nsf/DocID/AB6307B3B426884585256AF10042E8E7
 
W

Wolfgang Rochow

Google for "GAAP and Canada"

For example one of the links,
http://www.cica.ca/index.cfm/ci_id/978/la_id/1.htm
will take you to: "Significant Differences in GAAP in Canada, Chile, Mexico,
and the United States" from the Chartered Accountants of Canada who would
like to sell you that information for CDN$40.

Wolfgang Rochow, CGA
Gestalt Corporation
Calgary, AB, Canada
www.gestalt.com
(e-mail address removed) (remove contact to email)
 
S

Sam Wang

Hi John,
Thank you very much for your kind help! I have downloaded
all the pdf files that I need. I didn't know FASB has all
that online. Thank you!

Sam
 
Ad

Advertisements

S

Sam Wang

Hi Wolfgang,

Thank you for the book info. I probably will buy one copy
soon.

Sincerely,
Sam
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top