Financial Reporting: Presentation (U.S. GAAP vs IFRS)
The first segment of a three-course series, this session concentrates on financial statements prepared using IFRS vs. U.S. GAAP. Examine an IFRS financial statement 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, you need to be able to read and understand the differences between IFRS and U.S. GAAP financial reports.
- 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)
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
CPAs, accountants, auditors, consultants and financial professionals.
Registration for this course has passed.
Applicable if you are a HSCPA member in good standing.
Applicable if you are not a HSCPA member.