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

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