On the FAO Blog, if you read the update on business metrics on Saturday, you would have understood clearly the difference between business metrics and operational metrics. Here is the link to the post:
In one previous post we talked about the US adapting IFRS: http://faoblog.com/ifrs/intro05/
Bodies in the United States responsible for the development and adoption of IFRS
The key player in the United States is the Securities and Exchange Commission, which is responsible for the supervision and regulation of the securities industry and has oversight responsibility for the FASB (the Financial Accounting Standards Board). This is an independent body that establishes and interprets U.S. GAAP; and the IASB, which is working with the FASB on the convergence of U.S. GAAP and IFRS. The AICPA has provided thought leadership to the IASB and the FASB on financial reporting topics. Besides this, a number of large businesses are also closely following the IFRS implementation planning and regularly contribute to the cause of IFRS.
Which of the major U.S. companies begun transitioning to IFRS?
The answer is none of the pure play US organizations have commenced the transition to IFRS. Until the Securities and Exchange Commission issues a rule allowing or requiring U.S. public companies to adopt IFRS, they must continue to prepare their financial statements under U.S. GAAP. Several large multinational corporations, however, have started using IFRS for their foreign subsidiaries where allowed by local law. Also, some U.S. subsidiaries of foreign-owned companies are also using IFRS. Which simply implies that the adaptation is limited to organizations with multi-country presence, especially those present in Europe.