Qifu Technology Releases GAAP vs IFRS Financials

Qifu Technology, Inc (QFIN) has released an update.

Qifu Technology, Inc has released its financial statements, revealing the impact of key differences when reconciling U.S. GAAP with International Financial Reporting Standards (IFRS). The adjustments made between the two reporting standards have significantly affected the company’s total assets and liabilities, as well as shareholders’ equity as of December 31, 2022. This reconciliation provides a clear comparison for stakeholders to understand the financial position of the company under both accounting frameworks.

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