IFRS

IFRS in the U.S.A.: An Implementation Guide (Updated)

Course Overview:
International Financial Reporting Standards (“IFRS”) represents the international alternative to U.S. Generally Accepted Accounting Principles. Most of the world already communicates with investors and stakeholders about corporate financial performance in the language of IFRS. The International Accounting Standards Board (IASB) and their U.S. equivalent (the FASB) have made commitments towards the convergence of U.S. GAAP and IFRS and are working to eliminate as many differences between the two Standards as possible.

This course provides an introductory overview of International Financial Reporting Standards, including detailed discussions of the impact that adopting IFRS will have on businesses. This course also includes comprehensive reviews of the IASB structure and its standard-setting process, the basic framework that serves as the foundation for IFRS and the differences that exist between U.S. GAAP and IFRS.



Learning Objectives:

After completing this course, the course participant should be able to:
  • Define “IFRS” and recognize practices consistent with the due process followed when developing and issuing IFRS.
  • Recognize the basic concepts by which financial statements are prepared under IFRS.
  • Identify financial reports that are within the scope of the IASB Framework
  • Identify and classify the various elements of IFRS financial statements.
  • Identify the various similarities and differences that exist between IFRS and U.S. GAAP.
  • Recognize specific areas of divergence that exist between the two principles.

  • Content Partner:

    SmartPros Ltd.

    SmartPros Ltd. is a leader in online and offline continuing education for
    accounting, finance and engineering professionals. With over 2,000 hours of
    content, SmartPros has been providing mandatory continuing education
    products since 1981. SmartPros provides services and content to its
    professional and corporate clients, in a variety of media including Web, CD
    ROM, and video. In the accounting market, SmartPros also has a predominant
    news and information portal which receives 200,000+ visits per month and
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    Prerequisites/Advanced Preparation:

    None

    Speaker / Author:

    Michael J. Walker
    Mich'l J. Walker, CPA
    Mich'l J. Walker is a New England-based Certified Public Accountant with over fourteen years of accounting experience in the financial services, information technology services and construction industries. He is currently a Vice President at one of the largest financial institutions in the world. He has an extensive technical accounting background that includes hands-on experience with U.S. GAAP, Canadian GAAP and International Financial Reporting Standards (IFRS). His expertise includes the accounting for derivatives, fixed income investments & securitizations. He graduated from Bentley University with a B.S. in Finance (1995) and a M.S. in Accountancy (2000).

    Software & Hardware Requirements:

    • 56k or Greater Internet Connection
    • Adobe Acrobat® Reader for the .pdf files
    • Adobe® Flash® Player 9 or higher
    • Modern DHTML Compatible Browser
    • Ram: 256 MB minimum
    • Windows or Mac OS

    Price (USD)

    Standard Rate: $74.85

    Details

    Course Code : 99WAL02-v2

    Course Level : Overview
    Course Type : Self-Study
    Length : 2hr 30min
    Passing Grade : 70%
    Field Of Study : Accounting
    Theme : IFRS

    Format Type : eLearning
    Mobile Compatible

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