International versus U.S. Accounting -- What in the World is the Difference? (111136A)

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Description:

In 2002, IASB and FASB agreed to harmonize their agenda and work towards reducing differences between IFRS and U.S. GAAP. It has become apparent that FASB is working hard on this goal as recent pronouncements of both the FASB and the IASB are bringing the standards more in line with one another. In addition, the SEC recently removed the reconciliation requirement for foreign issuers to reconcile their financial statements from IFRS to U.S. GAAP. With the fast pace of the convergence project, understanding the differences between IFRS and U.S. GAAP is becoming more important for businesses of all sizes. This course outlines the major differences between IFRS and U.S. GAAP.

Objectives:

Upon completion of this course, participants will be able to:  Recognize the significant differences and similarities between U.S. GAAP and IFRS  Analyze financial statements prepared in accordance with IFRS  Standardize reporting in an international environment

Major Topics:

 Why accounting standards differ internationally History and organization of the International Accounting Standards Board  How relevant international accounting standards differ from U.S. GAAP for balance sheet and income statement areas and disclosures  Accounting changes, discontinued operations, and segment reporting  Business combinations and consolidation issues  Hands-on examination of four sets of financial statements and footnotes prepared under IFRS

Who Should Attend:

 CPAs, including analysts, in industry and practice who manage financial accounting and reporting

Prerequisite:

Experience in financial reporting