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Sessions | Instructor | Event Registration |

Event Information

Financial Reporting: Presentation (U.S. GAAP vs IFRS) Webcast | 4203319A
Date: August 6, 2020
Event Start time: 11:00 AM   End time: 1:00 PM
Location: Webcast

Facility: Webcast Rebroadcast

 


Member:       $79
Nonmember: $109

CPE Credits:

2.00 CPE: Continuing Professional Education Technical
2.00 AA: Auditing & Accounting


This course, first in a three-course series, concentrates on financial statements prepared using IFRS vs. U.S. GAAP. Examine an IFRS financial report and outline basic distinctions between IFRS and U.S. GAAP reports in the series.

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, financial professionals must understand the differences between IFRS and U.S. GAAP financial reports.


Objectives:

Identify underlying concepts to preparing a financial report. Observe similarities and differences between IFRS and U.S. GAAP financial statement presentation requirements:

  • Presentation of financial statements
  • Statement of cash flows
  • Accounting policies
  • Events after reporting period
  • Earnings per share
  • Interim financial reporting
  • Operating segments

Major Subjects:
  • Overview of Annual Financial Reports (IFRS and U.S. GAAP)
  • Financial statements presentations (IAS 1, 7, 8, 10, 33, 34, IFRS 8 vs U.S. GAAP)

Level of Difficulty:
Overview

Field of Interest:
Accounting

Prerequisites:

None.


Designed For:

CPAs, accountants, auditors, consultants and financial professionals.


Advanced Prep:

None.


Event Notes:
None