Event Description

International Financial Reporting Standards (IFRS) represents the international alternative to US Generally Accepted Accounting Principles (GAAP). Most of the world already communicates with investors and stakeholders about corporate financial performance in the language of IFRS. The International Accounting Standards Board (IASB) and their US Equivalent (the Financial Accounting Standards Board or FASB) have made commitments towards the convergence of US GAAP and IFRS and are working to eliminate as many differences between the sets of Standards as possible. This course provides a review of the differences in significant standards between IFRS and US GAAP.

Designed For

CPAs, accountants and other finance professionals

Objectives

•Identify and describe significant current standards and topical areas most relevant for financial reporting and disclosure 

Major Subjects

•Differences between significant IFRS and US GAAP standards/topics •Differences between significant IFRS and US GAAP financial reporting and disclosure requirements by standard/topic

Prerequisites

General Accounting Knowledge

Instructions

None