Surgent's U.S. GAAP vs. IFRS - Rev Rec & Business Combinations - Download
May 1st, 2024 - April 30th, 2025 @ -
| Member Price | $49 |
| Non-Member Price | $79 |
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Credits
2Description
This course provides an overview of the similarities and key differences between the revenue recognition and business combination standards issued by the FASB and IASB. While these standards are similar in many material respects, there are notable differences that are good to understand. However, this course is not intended to provide an exhaustive discussion of these differences.Objectives
- List the key steps in the revenue recognition model
- Recognize the applicable U.S. GAAP and IFRS standard with respect to revenue recognition
- Identify some of the key differences between ASC Topic 606 and IFRS 15
- List the key steps in the acquisition method for business combinations
- Recognize the applicable U.S. GAAP and IFRS standard with respect to business combinations
- Identify some of the key differences between ASC Topic 805 and IFRS 3
Major Subjects
- Determining the acquisition date
- Recognizing and measuring the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in the acquiree
- Acquisition of contingencies
- Noncontrolling interests
- Recognizing and measuring goodwill or gain from a bargain purchase
- Measurement period adjustments
- Performance obligations in the Contract
- Noncash considerations
- Presentation of sales taxes
- Impairment reversal of capitalized contract costs
- Interim disclosures