IFRS and US GAAP: Similarities and Differences

By Society of Actuaries · 2025 · RET201-105-25

A Society of Actuaries study note (code RET201-105-25) for the RET 201 course, titled IFRS and US GAAP: Similarities and Differences, of which only Chapter 5 is assigned. The SOA's course strategy guide says it compares accounting under the two standards covered on RET 201, IFRS and U.S. GAAP.

On the syllabus

Exam RET-201 — Outcomes 3a-3d; Chapter 5 only.

Contents unavailable No copy of this study note is published; the SOA supplies it with the course study notes, which the syllabus says are not available electronically but may be purchased through the SOA online store. This page records its citation, what the SOA says about it, and its assignment from the syllabus.

Sources

RET 201 Introductory Study Note, March 2027/July 2027 (SOA) — the study-note code RET201-105-25 and its title, IFRS and US GAAP: Similarities and Differences, Ch. 5 only; no author, edition or copy is given, so the issuing body is the Society of Actuaries and the year is the one in the code
RET 201 Course Strategy Guide, Nov 2026/Mar 2027/Jul 2027 (SOA) — what the SOA says about it: it compares accounting under the two standards covered on RET 201
RET 201 Syllabus, Mar 2027/Jul 2027 (SOA) — the reading (RET201-105-25: IFRS and US GAAP: Similarities and Differences, Ch. 5 only) and its learning outcomes (3a-3d)
IFRS and US GAAP: similarities and differences, partially updated June 2023 (PwC) — a published guide of the same title whose Chapter 5 is "Expense recognition—employee benefits"; the syllabus names no publisher or edition, so nothing from it is described on this page