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

Course Details

Date

Thursday, September 12, 2019

8:00am – 10:00am
(Registration: 7:30am)

Field of Study

Accounting

Course Number

4193320B

CPE Credit

2.0 hours CPE credit

Level of Knowledge

Overview

Vendor

CalCPA Education Foundation

Prerequisites

Financial Reporting: Presentation

Description

The course, second in a three-course series, concentrates on financial statements prepared using IFRS vs. U.S. GAAP.

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.

Analyze IFRS financial statements and outline basic distinctions between IFRS and U.S. GAAP reports in the series.

Materials are provided as an ebook for this course.

Highlights

  • 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).

Objectives

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

  • Inventories
  • Income taxes
  • PPE
  • Financial Instruments
  • Impairment of assets
  • Provisions
  • Intangible assets
  • Investment property
  • Leases

Designed For

Accounting and finance professionals, including CPAs, auditors, consultants and financial professionals.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$60.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$94.00
Your Price $94.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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