Financial Reporting: Assets and Liabilities-U.S. GAAP vs IFRS

Description

A recent IFRS Foundation survey found that 144 of 160 profiled jurisdictions require the use of IFRS for all or most companies. With this global acceptance, and as more than 500 foreign companies are reporting to the SEC using IFRS, learn how to read and understand the differences between U.S. GAAP and IFRS financial reports. This course, the second in a three-course series, concentrates on the assets and liabilities as reported in the financial statements. Analyze U.S. GAAP and IFRS financial reports and outline basic distinctions between the financial reports in the 3-course series. Excerpts from public company financial reports will be reviewed.

Highlights

• Inventories

• PPE

• Intangible assets

• Investment property

• Impairment of assets

• Financial instruments

• Provisions

• Leases

• Income taxes

Objectives

• Identify similarities and differences between IFRS and U.S. GAAP reporting requirements for assets and liabilities

• Inventories

• PPE

• Intangible assets

• Investment property

• Impairment of assets

• Financial instruments

• Provisions

• Leases

• Income taxes

Designed For

CPAs, auditors, consultants, and financial and managerial professionals.