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Revenue Recognition - U.S. GAAP vs. IFRSCode: 23-GAAPIFRSREV
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Course description and objectives:
This course provides an overview of the similarities and key differences between the revenue recognition standards issued by the FASB (ASC Topic 606) and the IASB (IFRS 15). While these standards are materially similar as the regulators worked jointly to issue the new converged standards, there are notable differences that are good to understand. However, this course is not intended to provide an exhaustive discussion of these differences.
After reading the materials, participants will able to
- 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
Presentation Method: Self-Study
CPE credit: 1 Hour
Program Level: Update
Advance Preparation: None
Exam expiration date: Participants must submit exams for grading within one year from the date of purchase