A Guide to IFRS and a Comparison with GAAPCode: 24-IFRSGAAP

109 Pages

The International Financial Reporting Standards (IFRS) is the framework used by many publicly traded companies  around  the  world  today  to  report  their  financial  results.  With  support  from  important  constituencies, the SEC and the FASB have taken several steps toward what will be a major transition from  the  accounting  and  reporting  framework  currently  in  place  in  the  United  States  to  IFRS.   In  an  effort  to  better  understand  how  convergence  will  affect  financial  reporting  in  the  United  States,  this course provides an overview, by accounting area, of similarities and differences between U.S. GAAP and IFRS.   It  highlights  differences  most  commonly  found  in  current  practicethat  may  affect  a  converting  entity's  financial  statements.  It  also  provides  an  overview  of  significant  completed  convergence projects in the accounting standards. 

Presentation Method:  QAS Self-Study

 

Category: Accounting

 

CPE credit:  6 Hours




Program Level:  Update




Prerequisites:  None




Advance Preparation:  None




Exam expiration date:  Participants must submit exams for grading within one year from the date of purchase