Analiza porównawcza kluczowych obszarów regulacji MSSF i US GAAP
Comparative analysis of key IFRS and US GAAP regulations

Summary/Abstract: The article is dedicated to a comparative analysis of the two main sources of financial reporting regulation, which are the IFRS and US GAAP. For more than twenty years the process of globalization, i.e., the convergence of these traditionally different sets of regulations, has been an important trend in accounting at the global level., Despite the unification of many provisions, the road to complete uniformity of financial reporting guidelines still turns out to be long. The article consists of three parts. The first part is an introduction, in which the issue and history of the harmonization pocess are outlined. In the second part, the most important areas of differences are analyzed. The scope of the study includes both the presentationof financial statements and key balance sheet items: inventories, property, plant and equipment, investment property, intangible assets, impairment of assets, leases, provisions and contingent liabilities.The last, third part is a summary of the analyzed differences and an attempt to forecast the further development to the harmonization process of financial reporting at the global level.

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