A Guide to IFRS and a Comparison with GAAPCode: 20-IFRSGAAP

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Course Details


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 projectsin the accounting standards. 

      Presentation Method:  QAS Self-Study

       

      Category: Accounting

       

      CPE credit:  5 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

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