Thermolyne Hot Plate

One difference between US GAAP and IFRS is the recording of impairment for equipment, plant, and equipment. Under US GAAP, a two-step impairment test is used. First, book value is as compared to the undiscounted future cash flows of the asset. If guide value is less, then no impairment has occurred. However, if guide value is more than the undiscounted future cash flows, an impairment has occurred and you move onto step two of the impairment test. In step two, compare the selling amount to the fair market value of the asset. The amount of impairment is equal to the amount that guide value is more than the fair market value. Under US GAAP, the reversal of an impairment is forbidden ("IFRS and US GAAP," 2014).

Finally, the inventory costs accounting method is a fourth difference between the two sets of support. While FIFO, LIFO, weighted average, and specific identification are permitted under US GAAP, LIFO is specifically not allowed under IFRS. Due to the fact that of this, firms using LIFO needs to convert and disclose their inventory into FIFO terms for financial reporting, also called the LIFO reserve. The difference of choice between inventory costing will have an effect on the cost of goods sold and complying with calculations. As an example, in periods of high inflation, LIFO users will report higher costs of goods sold than those using FIFO. A higher COGS results in reduced earnings and reduced income taxes to pay during that time. The results are reversed for periods during low inflation (Dumont, 2012).

There are advantages as well as disadvantages for the US to comply with a different financial reporting system than that of IFRS. Some differences are more helpful for US firms while others require more work and effort to prepare their financial statements. Changes within both sets of reporting policies occur frequently so it is always crucial for a firm to stay enlightened and do their research to continuously achieve success.

Thermolyne Sybron Hot Plate Hp-a1915b Aluminum Top Type 1900 750 Watts Clean
Thermolyne Sybron Hot Plate Hp-a1915b Aluminum Top Type 1900 750 Watts Clean
40.00
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Sybron Thermolyne Type 1900 Hot Plate Hp-a1915b Tested And Working
Sybron Thermolyne Type 1900 Hot Plate Hp-a1915b Tested And Working
62.95
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Thermolyne Model Hp18325 Nona Ii Hot Plate
Thermolyne Model Hp18325 Nona Ii Hot Plate
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Barnstead Thermolyne Hp18325 7 X 7 38 To 371c Nuova Hot Plate. Tested
Barnstead Thermolyne Hp18325 7 X 7 38 To 371c Nuova Hot Plate. Tested
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R158766 Sybron Thermolyne Hot Plate Stirrer Hp-a1915b 4x4 Surface
R158766 Sybron Thermolyne Hot Plate Stirrer Hp-a1915b 4x4 Surface
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Thermolyne Corporation Hp-2305b Hot Plate Type 2300
Thermolyne Corporation Hp-2305b Hot Plate Type 2300
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Thermolyne Nuova Ii Hot Plate Model Hp18325 Miami
Thermolyne Nuova Ii Hot Plate Model Hp18325 Miami
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Sybron Thermolyne Type 1900 Hot Plate Hp-a1915b
Sybron Thermolyne Type 1900 Hot Plate Hp-a1915b
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Thermolyne Hot Plate Type 15500 Model Hp15515b
Thermolyne Hot Plate Type 15500 Model Hp15515b
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Thermolyne Type 1900 Hot Plate Hpa1915b Temperature 371c 700f 120v 750w
Thermolyne Type 1900 Hot Plate Hpa1915b Temperature 371c 700f 120v 750w
24.99
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Thermolyne Cimarec 1 Hotplate Hot Plate Heating Mini Laboratory Lab
Thermolyne Cimarec 1 Hotplate Hot Plate Heating Mini Laboratory Lab
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Lot Thermolyne Cimaric 2 Stirrer 1900 Hotplate Hot Plate Stir
Lot Thermolyne Cimaric 2 Stirrer 1900 Hotplate Hot Plate Stir
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Barnstead Thermolyne Dental Hot Plate
Barnstead Thermolyne Dental Hot Plate
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Used 1 Thermolyne Hot Plate 4 X 4
Used 1 Thermolyne Hot Plate 4 X 4
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Nova Ii Hot Plate Thermolyne Model Hp18325 7 Amp 7 X 7
Nova Ii Hot Plate Thermolyne Model Hp18325 7 Amp 7 X 7
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Barnstead Thermolyne Nuova Ii Hot Plate Hp18325
Barnstead Thermolyne Nuova Ii Hot Plate Hp18325
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Thermolyne Nuova Ii Hot Plate Tested Good
Thermolyne Nuova Ii Hot Plate Tested Good
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New Barnstead Thermolyne Cimarec Stirring Hot Plate Model Sp131015
New Barnstead Thermolyne Cimarec Stirring Hot Plate Model Sp131015
295.00
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Thermolyne Sybron Nuova Ii Hot Plate Magnetic Stirrer S18525
Thermolyne Sybron Nuova Ii Hot Plate Magnetic Stirrer S18525
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Vintage Thermolyne Mini Micro Hot Plate 120v Model Hp-a8805b
Vintage Thermolyne Mini Micro Hot Plate 120v Model Hp-a8805b
79.99
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Thermolyne Barnstead Hotplate Hot Plate Mini Lab Hp2300 Stand Clamp Chain
Thermolyne Barnstead Hotplate Hot Plate Mini Lab Hp2300 Stand Clamp Chain
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Vintage Thermolyne Nuova Ii Hot Plate Hp18325 Sybron Laboratory Heater
Vintage Thermolyne Nuova Ii Hot Plate Hp18325 Sybron Laboratory Heater
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Barnstead Thermolyne Hp130915 Cimarec Hot Plate
Barnstead Thermolyne Hp130915 Cimarec Hot Plate
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Sybron Thermolyne Type 13100 Stirring Hot Plate Sp13115
Sybron Thermolyne Type 13100 Stirring Hot Plate Sp13115
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Barnstead Thermolyne 1900 Hot Plate 222848
Barnstead Thermolyne 1900 Hot Plate 222848
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Sybron Thermolyne Sp18425 Nuova Ii 7x7 Magnetic Stirrer Laboratory Hot Plate
Sybron Thermolyne Sp18425 Nuova Ii 7x7 Magnetic Stirrer Laboratory Hot Plate
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Thermolyne Type 1900 Hot Plate Model Hpa1915b 120v 6.2amp 750
Thermolyne Type 1900 Hot Plate Model Hpa1915b 120v 6.2amp 750
25.00
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Thermo Thermolyne Nuova Ii Stirring Hot Plate Sp18425
Thermo Thermolyne Nuova Ii Stirring Hot Plate Sp18425
155.00
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Corning Pc420 Pc-420 Stirrer Mixer Hotplate Magnetic Hot Plate Laboratory Qs
Corning Pc420 Pc-420 Stirrer Mixer Hotplate Magnetic Hot Plate Laboratory Qs
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Barnstead Thermolyne Vwr 320 Sp35825 Hot Plate
Barnstead Thermolyne Vwr 320 Sp35825 Hot Plate
120.00
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Thermolyne Model Hp-a1915b Type 1900 Hot Plate 700 Watts
Thermolyne Model Hp-a1915b Type 1900 Hot Plate 700 Watts
27.99
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Barnstead Thermolyne Hp18325 7 X 7 38 To 371c Nuova Hot Plate. Tested
Barnstead Thermolyne Hp18325 7 X 7 38 To 371c Nuova Hot Plate. Tested
59.99
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Barnstead Thermolyne Laboratory Hot Plate - 3.5 Inch Diameter - 120v 325 Watts
Barnstead Thermolyne Laboratory Hot Plate - 3.5 Inch Diameter - 120v 325 Watts
64.99
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Barnstead Thermolyne Sp131325 Cimarec Hot Plate Magnetic Stirrer 7x7 In.
Barnstead Thermolyne Sp131325 Cimarec Hot Plate Magnetic Stirrer 7x7 In.
325.00
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00thermolyne Nuova Ii Hot Plate Stirrer Sp18425
00thermolyne Nuova Ii Hot Plate Stirrer Sp18425
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Thermo Scientific Thermolyne 5 Ceramic Top Hot Plate Hp A9215b
Thermo Scientific Thermolyne 5 Ceramic Top Hot Plate Hp A9215b
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Thermolyne Spa1025b Type 1000 6.75 Aluminum Top Hot Plate Magnetic Stirrer
Thermolyne Spa1025b Type 1000 6.75 Aluminum Top Hot Plate Magnetic Stirrer
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One Thermolyne Type 1900 Hot Plate Heater 750 Watt Hpa1915b 2 Available  1a81
One Thermolyne Type 1900 Hot Plate Heater 750 Watt Hpa1915b 2 Available 1a81
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Thermolyne Type 1900 Hot Plate Used
Thermolyne Type 1900 Hot Plate Used
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Sybron Thermolyne Student Hot Plate Model Hp-15515b Quantity Available
Sybron Thermolyne Student Hot Plate Model Hp-15515b Quantity Available
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Thermolyne Type 1000 Laboratory Hot Plate
Thermolyne Type 1000 Laboratory Hot Plate
40.00
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Thermolyne Cimarec 2 Hot Plate Stirrer
Thermolyne Cimarec 2 Hot Plate Stirrer
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Laboratory Hot Plate Thermolyne Type 1900 Hp-1915b Hotplate
Laboratory Hot Plate Thermolyne Type 1900 Hp-1915b Hotplate
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Barnstead Thermolyn Cimarec Remote Control For Stirring Hot Plate Rsp47235
Barnstead Thermolyn Cimarec Remote Control For Stirring Hot Plate Rsp47235
99.99
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Thermolyne Sybron 4 Student Hot Plate Model Hp-15515b 120v 5060hz. 330w
Thermolyne Sybron 4 Student Hot Plate Model Hp-15515b 120v 5060hz. 330w
29.99
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Barnstead Thermolyne Hpa1915b 6x6 371 C Hot Plate W Omega Cn9000 Tested
Barnstead Thermolyne Hpa1915b 6x6 371 C Hot Plate W Omega Cn9000 Tested
64.99
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 Thermolyne Hot Plate Hp-a1915b Type 1900
Thermolyne Hot Plate Hp-a1915b Type 1900
37.50
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Thermolyne Model S46415 Cimarec 1 Magnetic Stirrer Hot Plate 115v Free Shipping
Thermolyne Model S46415 Cimarec 1 Magnetic Stirrer Hot Plate 115v Free Shipping
79.99
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Thermolyne Nova Ii Hot Plate 7x 7
Thermolyne Nova Ii Hot Plate 7x 7
34.99
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Thermolyne Model Hp-rc1915 Hot Plate W Remote
Thermolyne Model Hp-rc1915 Hot Plate W Remote
29.99
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Barnstead Thermolyne Cimarec 1 Hot Plate Hp46515
Barnstead Thermolyne Cimarec 1 Hot Plate Hp46515
99.99
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Thermolyne Nuova Ii Hot Plate Model Hp18325
Thermolyne Nuova Ii Hot Plate Model Hp18325
99.99
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Thermolyne Nuova Ii Stirring Hot Plate Sp18425
Thermolyne Nuova Ii Stirring Hot Plate Sp18425
99.99
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Sybron Thermolyne 374 B Type 1900 Hot Plate Hp-a1915b Missing Feet
Sybron Thermolyne 374 B Type 1900 Hot Plate Hp-a1915b Missing Feet
20.00
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Barnstead Thermolyne Type 1900 Laboratory Hot Plate Model Hpa1915b Works
Barnstead Thermolyne Type 1900 Laboratory Hot Plate Model Hpa1915b Works
75.00
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Thermolyne Nuova Magnetic Stir Hot Plate - Sp18425
Thermolyne Nuova Magnetic Stir Hot Plate - Sp18425
200.00
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Vwr Hotplate Hot Plate Stirrer Mixer Magnetic Digital Model 720 Advanced Cvw
Vwr Hotplate Hot Plate Stirrer Mixer Magnetic Digital Model 720 Advanced Cvw
198.90
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Barnstead Nouva Thermolyne Hot Plate Model Model Hp18325
Barnstead Nouva Thermolyne Hot Plate Model Model Hp18325
49.95
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Thermolyne Hot Plate Hp-a1915b 120v
Thermolyne Hot Plate Hp-a1915b 120v
39.95
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Barnstead Thermolyne Cimarec 2 Heated Stirrer Stirring Hot Plate Sp46925
Barnstead Thermolyne Cimarec 2 Heated Stirrer Stirring Hot Plate Sp46925
120.00
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Thermolyne Hot Plate Hpa1915b 120v 6.2amps 750 Watts 5060hz R81x
Thermolyne Hot Plate Hpa1915b 120v 6.2amps 750 Watts 5060hz R81x
29.99
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Thermolyne Hpa1915b Hot Plate Working Unit
Thermolyne Hpa1915b Hot Plate Working Unit
47.99
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Thermolyne Nuova Hot Plate Model Hp18325
Thermolyne Nuova Hot Plate Model Hp18325
65.00
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Sybron Thermolyne Student Hot Plate Hp-15515b Used
Sybron Thermolyne Student Hot Plate Hp-15515b Used
30.00
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Vwr Stirrer Mixer Hotplate Magnetic Hot Plate Laboratory 12365-382 Ln
Vwr Stirrer Mixer Hotplate Magnetic Hot Plate Laboratory 12365-382 Ln
197.00
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Barnstead Thermolyne 1900 Hot Plate W Remote Control
Barnstead Thermolyne 1900 Hot Plate W Remote Control
74.99
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Thermolyne 1900 Hot Plate Hpa1915b
Thermolyne 1900 Hot Plate Hpa1915b
49.99
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Thermolyne Type 1900 Hot Plate 6x6 Aluminum Top Barnstead
Thermolyne Type 1900 Hot Plate 6x6 Aluminum Top Barnstead
110.00
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Vwr 375 Hotplate Hot Plate Stirrer Mixer Magnetic Model
Vwr 375 Hotplate Hot Plate Stirrer Mixer Magnetic Model
160.00
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Thermolyne Type 1900 Hot Plate Hpa1915b 120v 6.2amps 750w 5060hz 1-ph
Thermolyne Type 1900 Hot Plate Hpa1915b 120v 6.2amps 750w 5060hz 1-ph
99.00
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Thermolyne Nuova Ii Stirrer Hotplate Stirring Hot Plate Heating Stirring Sqax
Thermolyne Nuova Ii Stirrer Hotplate Stirring Hot Plate Heating Stirring Sqax
175.00
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Thermolyne Laboratory Hot Plate Hp-a1915b Type 1900 Used Tested Working
Thermolyne Laboratory Hot Plate Hp-a1915b Type 1900 Used Tested Working
73.00
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Thermolyne Sybron 4 Student Hot Plate Model Hp-15515b 120v 5060hz. 330w
Thermolyne Sybron 4 Student Hot Plate Model Hp-15515b 120v 5060hz. 330w
30.00
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R158766 Sybron Thermolyne Hot Plate Stirrer Hp-a1915b 4x4 Surface
R158766 Sybron Thermolyne Hot Plate Stirrer Hp-a1915b 4x4 Surface
70.00
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Temco Lab Hot Plate Model 1900 6x6 Aluminum Top Thermolyne Type Barnstead Mech
Temco Lab Hot Plate Model 1900 6x6 Aluminum Top Thermolyne Type Barnstead Mech
14.99
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Thermolyne Hot Plate Type 15500 Model Hp15515b
Thermolyne Hot Plate Type 15500 Model Hp15515b
39.00
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Thermolyne Cimarec 2 Laboratory Hotplate 7.5 X 7.5 Model Hp46825 Hot Plate
Thermolyne Cimarec 2 Laboratory Hotplate 7.5 X 7.5 Model Hp46825 Hot Plate
69.99
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Thermolyne Cimarec 2 Hot Plate 7x7 Model Hp46825 Tested
Thermolyne Cimarec 2 Hot Plate 7x7 Model Hp46825 Tested
75.00
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Thermolyne Hot Plate Hp-2305b Series 242
Thermolyne Hot Plate Hp-2305b Series 242
54.99
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Thermolyne Type 1900 Hot Plate Hpa1915b 120v 6.2amps 750w 5060hz 1-ph
Thermolyne Type 1900 Hot Plate Hpa1915b 120v 6.2amps 750w 5060hz 1-ph
59.99
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Thermolyne Sybron Nuova Ii Hot Plate Magnetic Stirrer S18525
Thermolyne Sybron Nuova Ii Hot Plate Magnetic Stirrer S18525
112.50
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Thermolyne Hp11515b Explosion-proof Hot Plate 120vac 1 Year Warranty
Thermolyne Hp11515b Explosion-proof Hot Plate 120vac 1 Year Warranty
269.99
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Corning Pc351 Pc-351 Stirrer Mixer Hotplate Magnetic Hot Plate Laboratory Dfkl
Corning Pc351 Pc-351 Stirrer Mixer Hotplate Magnetic Hot Plate Laboratory Dfkl
177.00
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Thermolyne Nuova Ii Magnetic Stirring Hot Plate Sp18425
Thermolyne Nuova Ii Magnetic Stirring Hot Plate Sp18425
129.95
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Termolyne Model Hp2305b Mini Hot Plate
Termolyne Model Hp2305b Mini Hot Plate
44.00
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Thermolyne Nuova Ii Hot Plate Stirrer Sp18425 B
Thermolyne Nuova Ii Hot Plate Stirrer Sp18425 B
160.00
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Barnstead Thermolyne Mirak Ceramic 4 Place Hot Plate Magnetic Stirrer
Barnstead Thermolyne Mirak Ceramic 4 Place Hot Plate Magnetic Stirrer
249.95
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Barnstead Thermolyne Digital Super-nuova Hot Plate Hp13373510x10 Ceramic Top
Barnstead Thermolyne Digital Super-nuova Hot Plate Hp13373510x10 Ceramic Top
314.00
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Thermolyne Cimarec 1 Hot Plate - Model Hp46575 4 X 4 Top Plate
Thermolyne Cimarec 1 Hot Plate - Model Hp46575 4 X 4 Top Plate
99.00
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Thermolyne Cimarec 1 Magnetichotplate Stirrer
Thermolyne Cimarec 1 Magnetichotplate Stirrer
52.20
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Sybron Thermolyne Type 1900 Hot Plate J2
Sybron Thermolyne Type 1900 Hot Plate J2
37.50
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Thermolyne Nuova Ii Stirring Hot Plate Sp18425
Thermolyne Nuova Ii Stirring Hot Plate Sp18425
99.99
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Bamsteadthermolyne Hot Plate 115v
Bamsteadthermolyne Hot Plate 115v
65.00
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Thermonlye Type 1900 Hot Plate Hotplate Heat Mantle
Thermonlye Type 1900 Hot Plate Hotplate Heat Mantle
35.99
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Barnstead Thermolyne Type 2200 Hot Plate
Barnstead Thermolyne Type 2200 Hot Plate
99.99
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Thermolyne Hot Plate Model Hp-a1915b
Thermolyne Hot Plate Model Hp-a1915b
99.99
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Barnstead Thermolyn Super-nuova Hot Platestirrer Model Sp131825
Barnstead Thermolyn Super-nuova Hot Platestirrer Model Sp131825
399.00
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Thermolyne Type 15500 Hot Plate Model Hp15515b 120v 5060 Hz 330 Watts Works
Thermolyne Type 15500 Hot Plate Model Hp15515b 120v 5060 Hz 330 Watts Works
19.99
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Thermolyne Type 1900 Hot Plate 374 B Model Hp-a1915b 120v 750 Watt Works
Thermolyne Type 1900 Hot Plate 374 B Model Hp-a1915b 120v 750 Watt Works
16.99
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Thermolyne Type 1900 Hot Plate Model Hpa1915b Powers On Heats Up  S1651z
Thermolyne Type 1900 Hot Plate Model Hpa1915b Powers On Heats Up S1651z
29.99
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Dumont, Chris. "International Financial Reporting Criteria." Investopedia. N.p., 04 Jan. 2012. Web. 05 Apr. 2015.

"IFRS and US GAAP: Similarities and Differences." S.l.: PricewaterhouseCoopers LLP, 2008. 55-59. Oct. 2014. Web. 5 Apr. 2015.

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