U.S. GAAP vs. IFRS – Rev Rec & Business Combinations
This course provides an overview of the similarities and key differences between the revenue recognition and business combination standards issued by the FASB and the IASB. While these standards are similar in many material respects, there are notable differences that are good to understand. However, this course is not intended to provide an exhaustive discussion of these differences.

Course Publication Date: February 09, 2022

This course is available with NO ADDITIONAL FEE if you have an active self study membership or all access membership or can be purchased for $20.00!

Author:Kelen Camehl
Course No:ACT-GAAPIFRS-8282
Recommended CPE:2.00
Delivery Method:QAS Self Study
Level of Knowledge:Overview
Prerequisites:None
Advanced Preparation:None
Recommended Field of Study:Accounting
  
Learning Objectives
  • 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.
  • List the key steps in the acquisition method for business combinations.
  • Recognize the applicable U.S. GAAP and IFRS standard with respect to business combinations.
  • Identify some of the key differences between ASC Topic 805 and IFRS 3.

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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