A recent IFRS Foundation survey found that 116 of 140 jurisdictions required IFRS for all or most companies. With this global acceptance, and as more than 500 foreign companies are reporting to the SEC using IFRS, you need to be able to read and understand the differences between IFRS and U.S. GAAP financial reports.
The second segment of a 2-hour three-course series, this session concentrates on financial statements prepared using IFRS vs. U.S. GAAP.
We'll go through an IFRS financial statement and outline basic distinctions between IFRS and U.S. GAAP reports in the series.
- Financial statements presentations of assets and liabilities (IAS 2,12, 16, 32, 36, 37, 38, 39, 40, IFRS 7, 9, 16 vs U.S. GAAP)
- Overview of Annual Financial Reports (IFRS and U.S. GAAP).
Identify similarities and differences between IFRS and U.S. GAAP reporting requirements for assets and liabilities:
- Income taxes
- Financial Instruments
- Impairment of assets
- Intangible assets
- Investment property
Accounting and finance professionals, including CPAs, auditors, consultants and financial professionals.
Financial Reporting: Presentation
Vendor:CalCPA Education Foundation
Member/Nonmember Fees:60 / 94
CPE:Accounting 2 hour(s)
Yellow Book Credit:No
Bobbe M. Barnes, CPA, CGMA
Cancellation or transfer requests made six(6) business days or more prior to the program, no fee assessed.
Cancellation or transfer requests made two(2) to five(5) business days prior to the program, $25 fee assessed.
Cancellation or transfer requests made one business day prior to the program, $50 fee assessed.
Day of program or no notice of cancellation, 100 percent course fee assessed.
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