About ZenBooks Accounting

ZenBooks Accounting publishes plain-English guides to the accounting standards that shape financial statements: IFRS and IAS issued by the International Accounting Standards Board, and US GAAP as codified by the Financial Accounting Standards Board.

Each article aims to do three things: explain what the standard requires, show how it works with a worked example and journal entries, and point out where IFRS and US GAAP differ.

About the author

Articles are written by Alan Osman, the pen name of an accounting professional with experience in financial reporting, bookkeeping and accounting systems for businesses of different sizes.

Editorial approach

• Explanations are based on the published standards and are reviewed when standards change.
• Examples use simplified, illustrative figures.
• Articles are educational and are not a substitute for professional advice.

ZenBooks Accounting is an independent publication and is not an accounting firm.