FASB vs. IFRS: Accounting Standards

Course Overview
While most accountants are committed to learning and applying the Generally Accepted Accounting Principles to their work, they are increasingly aware of the shortcomings that exist when you only work with U.S. GAAP. Fortunately for us, John Fleming, an acclaimed discussion leader for the Loscalzo Institute, has witnessed the near-convergence of accounting standards between the FASB and IFRS and can distinguish how they still differ.

Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Recognize the current status of convergence of U.S. GAAP and IFRS standards;
  • Identify the differences in accounting for leases and revenue under U.S. GAAP and IFRS;
  • Recognize the differences between U.S. GAAP and IFRS with respect to accounting for impairment, fair value, inventory costing and financial instruments; and
  • Identify the different disclosure requirements under U.S. GAAP and IFRS for accounting policy, capital management, defined benefit plans, uncertain tax positions and intangible costs.

Prerequisites/Advanced Preparation:

Work experience in financial reporting or accounting, or an introductory course in accounting.

Speaker / Author:

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 provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.


Price (USD)

Standard: $24.95


Course Code : 99SPK35

Release Date : 01/04/2019
Expire Date : 01/04/2021
Credits :
CPE 1.00
QAS 1.00

Length : 50min
Course Level : Update
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

Theme : IFRS

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