Understanding the differences between IFRS and U.S. GAAP is becoming more important for businesses of all sizes. This course outlines the major differences between the two and provides an examination of model financial statements to better understand those differences.
Objectives: * Better understand IFRS by leveraging U.S. GAAP knowledge * Understand major differences between the two sets of accounting standards * Evaluate the differences between the standards on real-world and model financial statements * Utilize planning tools for the “new” convergence standards * Prepare for U.S. IFRS standards
Major Subjects: * Financial statements * Assets * Inventories * Property, plant and equipment * Investment property * Impairment testing * Liabilities * Employee benefits * Provisions and contingencies * Leases * Deferred taxes * Financial instruments * Revenue recognition * Business combinations * Investments in associates * Convergence issues
Designed For: Staff accountants who need a one-day overview of the differences between IFRS and U.S. GAAP; Controllers responsible for conversion; Accounting managers responsible for implementation of the “converged” standards; Finance staff who want a review of how fi
Prerequisite: Basic understanding of either U.S. GAAP or IFRS
Advanced Prep: None
Speaker: Jack Laschenski, CPA
Vendor: Surgent McCoy
Field of Study: Accounting (8)
Level: Basic
CPE Credit: 8 Hours
Acronym: IFRI
Registration Fees:
$219.00
Register here
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