Revenue Recognition – U.S. GAAP vs. IFRS

Overview

This course provides an overview of the similarities and key differences between the revenue recognition standards issued by the FASB (ASC Topic 606) and the IASB (IFRS 15).  While these standards are materially similar as the regulators worked jointly to issue the new converged standards, there are notable differences that are good to understand.  However, this course is not intended to provide an exhaustive discussion of these differences.

Learning Objectives

Upon completion of this course, you will be able to:

·       List the key steps in the revenue recognition model

·       Recognize the applicable U.S. GAAP and IFRS standard with respect to revenue recognition

·       Identify some of the key differences between ASC Topic 606 and IFRS 15

       Revision Date: 1/14/2022

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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