Financial Reporting: Assets and Liabilities (U.S. GAAP vs IFRS) Webcast | 4203320A
Date: August 13, 2020
Event Start time: 11:00 AM End time: 1:00 PM
Facility: Webcast Rebroadcast
2.00 CPE: Continuing Professional Education Technical
2.00 AA: Auditing & Accounting
Field of Interest:
This course, second in a three-course series, concentrates on financial statements prepared using IFRS vs. U.S. GAAP. Analyze IFRS financial reports and outline basic distinctions between IFRS and U.S. GAAP financial 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.
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
Level of Difficulty:
- 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).
Financial Reporting: Presentation
Advanced Prep: Event Notes:
Accounting and finance professionals, including CPAs, auditors, consultants and financial professionals.