There is a major push to converge US GAAP with International Financial Reporting Standards (IFRS), possibly leading towards mandatory US adoption of IFRS. Although adoption would start with publicly held companies, trickle down application to closely held businesses may be inevitable. This webinar will give you an overview of IFRS, highlight key differences from US GAAP and help you develop an informed opinion on this pivotal issue in the profession.
You will learn what IFRS is, how it works and its potential impact on US financial statements and accounting professionals.
Origin of IFRS
Push towards convergence
Key differences with GAAP
SEC roadmap for potential mandatory adoption