Marketing description: While nearly 7 years have passed since the Great Recession, economic and political uncertainty have continued to plague business decision-making. The roles and responsibilities of CPAs and finance professionals, meanwhile, has continued to expand. This course is part of a series of short courses that will explore key economic and regulatory issues that will have a substantial impact on financial and accounting decisions for years to come.
This one hour course will examine and walk-through key factors affecting global competition and the convergence of IFRS and GAAP. Special focus will be given to the current economic and political standing of many key allies and trading partners, and how the current global recession may impact the United States.
Upon completion of this course, participants will be able to:
*Identify potential impacts of indecision on IFRS in the U.S.
*Recognize IFRS adoption versus convergence as it relates to IASB Standards and IFRS
*Identify differences between IFRS and U.S. GAAP