A Guide to IFRS and a Comparison to GAAP
The 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 the 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, this course provides an overview, by accounting area, of similarities and differences between U.S. GAAP and IFRS. It highlights differences most commonly found in current practice that may affect a converting entity’s financial statements. It also provides an overview of significant completed convergence projects in the accounting standards.

Course Publication Date: September 04, 2018

This course is available with NO ADDITIONAL FEE if you have an active self study membership or can be purchased for $50.00!

Author:Delta CPE
Course No:ACT-IFRS-4598
Recommended CPE:5.00
Delivery Method:QAS Self Study
Level of Knowledge:Basic
Prerequisites:None
Advanced Preparation:None
Recommended Field of Study:Accounting
  
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Learning Objectives
  • Recognize the benefits of IFRS standards to emerging economies.
  • Cite the improvements made to the Conceptual Framework.
  • Identify the major similarities and differences between U.S. GAAP and IFRS standards.

CPE Depot Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Sponsor Number: 109423

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