International Versus U.S. Accounting: What In The World

Description

In 2002, IASB and FASB agreed to harmonize their agenda and work toward reducing differences between IFRS and U.S. GAAP. FASB is working hard on this goal as recent pronouncements of both the FASB and the IASB are bringing the standards more in line with one another. In addition, the SEC removed the reconciliation requirement for foreign issuers to reconcile their financial statements from IFRS to U.S. GAAP and they have continued reaffirm thier commitment to convergence. With the fast pace of the convergence project, understanding the differences between IFRS and U.S. GAAP is becoming more important for businesses of all sizes. This course outlines the major differences between IFRS and U.S. GAAP as well as provides a hands-on examination of four sets of financial statements and footnotes prepared under IFRS.

Learning Objectives

* Recognize the significant differences and similarities between U.S. GAAP and IFRS
* Analyze financial statements prepared in accordance with IFRS
* Standardize reporting in an international environment

Major Topics

* Why accounting standards differ internationally
* History and organization of the International Accounting Standards Board
* How relevant international accounting standards differ from U.S. GAAP for balance sheet and income statement areas and disclosures
* Accounting changes, discontinued operations, and segment reporting
* Business combinations and consolidation issues
* Hands-on examination of four sets of financial statements and footnotes prepared under IFRS

Provider
AICPA
Course Level
Basic
CPE Field of Study
Accounting
8.0
Instructor(s)
Robert Walter
Prerequisites

Experience in financial reporting

Advanced Preparation

None

Location

Colorado Society Of CPAs, 7887 E. Belleview Ave, Suite 200, Englewood CO 80111

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When
Oct 15, 2012
8:30 am - 4:30 pm
Location
Colorado Society Of CPAs, 7887 E. Belleview Ave, Suite 200, Englewood CO 80111
Total CPE Credits
8.0
Format
In-Person
Instructor
Robert Walter

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International Versus U.S. Accounting: What In The World


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