A Quick Guide to IFRS

A Quick Guide to IFRS
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Price: $29.99
Credits: 2
Prerequisite: N/A
Level: N/A
Model: JS049
Author: Delta Publishing
Average Rating: Not Rated
Fields of study: Accounting
Format: PDF


International Financial Reporting Standards (IFRS) is the framework used by many publicly traded companies around the world today to report their financial results. With support from important constituencies, the SEC and the FASB have taken several steps toward what will be a major transition from accounting and reporting framework currently in place in the United States to IFRS.  In an effort to better understand how convergence will affect financial reporting in the United States, depending on the IFRS implementation action taken by the SEC, this course examines some of the material differences that currently exist between U.S. GAAP and IFRS.

 

Learning Objectives:

After completing this section, you should be able to:

  • Summarize recent developments in convergence efforts.
  • Describe the long and short of IFRS.
  • Cite four major factors as the impetus for the transition to IFRS.
  • Explain required financial statements and structural differences in primary financial reporting.
  • Outline Ifrs differences affecting the statement of financial position.
  • Summarize IRFS differences affecting the income statement.
  • Summarize IRFS differences affecting the cash flow statement.
  • Outline IASB’s conceptual framework project.

 

 

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
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