IFRS vs. US GAAP - Major Accounting Differences

Overview

Whether a financial statement preparer or user is more familiar with IFRS or U.S. GAAP, it is important to be familiar with the important differences between the two financial reporting frameworks. This course will highlight some of the more significant differences between the standards.

Highlights

• Explore major differences in the design and structure of IFRS vs. U.S. GAAP
• Discover significant differences in financial statement presentation and disclosure principles, including:
• Periods required to be reported
• Interim financial reporting
• Debt classification, and more
• Recognize significant differences in initial recognition and subsequent measurement standards, including:
  • Consolidation
  • Equity method investments

Prerequisites

None

Designed For

Anyone responsible for preparing or reviewing financial statements under IFRS

Objectives

• Explore major differences in the design and structure of IFRS vs. U.S. GAAP
• Discover significant differences in financial statement presentation and disclosure principles
• Recognize significant differences in initial recognition and subsequent measurement standards

Preparation

None

Notice

This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by Accounting Continuing Professional Education Network (ACPEN).