• Course Information

    Title: IFRS: A Guide to IFRS and a Comparison with GAAP
    Category: Accounting and Auditing
    Field of Study: Accounting
    Course Code: A018-0389
    CPE Credits: 5.0
    Price: $43.95
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Description

Description:
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 practice that may affect a converting entity's financial statements. It also provides an overview of significant completed convergence projects in the accounting standards.

Delivery Method:

Level: Overview

Prerequisites: None

Advanced Preparation: None

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Course Details

Author: Delta Publishing

Category: Accounting and Auditing

Field of Study: Accounting

Passing Score: 70%

Publication Date: 08/08/2018

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Objectives

Objectives:
1. Recognize the benefits of IFRS standards to emerging economies
2. Recognize the improvements made to the Conceptual Framework
3. Identify the major similarities and differences between U.S. GAAP and IFRS standards

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Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: No IRS credit for Enrolled Agents.

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