Accounting  |  Format: Flash

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.
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    Catalog Number: 99WAL02-v2
    CPE Credits: 3 Registry / 3 QAS
    Author: Michael J. Walker
    Prerequisites/
    Advanced Preparation:
    None
    Course Level: Overview
    Field of Study: Accounting
    Content Partner: SmartPros Ltd.
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     Adobe® Flash® Player 9 or higher
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Windows or Mac OS
    Release/Expiration Dates: Sep 25, 2017 / Sep 25, 2019

     

     

     

     

     

     

    http://education.smartpros.com/includes/cpe/coursedetail.asp?CPECatalogID=25565&CourseID=18093