Financial Reporting: Miscellaneous Topics (U.S. GAAP vs IFRS)
This course is the final segment of a three-course series; concentrate on financial statements prepared using IFRS vs. U.S. GAAP. Review 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 of miscellaneous topics (IAS 21, 23, 24, 27, 28, IFRS 3, 10, 11, 12, 13 vs U.S. GAAP)
Identify similarities and differences between IFRS and U.S. GAAP reporting requirements for miscellaneous topics:
- Foreign currency
- Borrowing costs
- Related party disclosures
- Fair value
- Business combinations
- Consolidations including joint arrangement
CPAs, accountants, auditors, consultants and financial professionals.
Applicable if you are a HSCPA member in good standing.
Applicable if you are not a HSCPA member.