Are You Ready for IFRS? Moving Beyond the Basics

Available November 27, 2008

IFRS (International Financial Reporting Standards) is becoming a reality in the United States.  Foreign publicly-held companies, including those with subsidiaries in the U.S., can already file financial statements with the SEC using IFRS, and certain U.S. companies may file their financial statements under IFRS starting for years ending December 15, 2009.  In addition, the SEC has recently issued a release with a proposed roadmap for the potential mandatory adoption of IFRS in the U.S.  We recognize your need for proper and timely training and are ready to assist you in providing this crucial education.

This course prepares accountants for these upcoming changes and will help you solidify your knowledge of the similarities and differences between IFRS and U.S. GAAP.  Even if your knowledge is limited, a brief recap of the important points is provided at the beginning of the course to help get you up to speed.  Additionally, you will learn to apply specific IFRS standards to the impacted financial statement line items.  Walk away with a greater understanding of what you need to know as the acceptance of International standards continues to grow. 

• Readily focus on the differences between IFRS and U.S. GAAP
• Recognize and review the similarities between IFRS and U.S. GAAP
• Apply the specific IFRS standards to the related impacted financial statement line items
• Focus on the financial statement disclosure differences that often become an unwelcome surprise at the 11th hour

Who Will Benefit

• CPA’s, including analysts, in industry and practice

Prerequisite:  Completion of AICPA course International versus U.S. Accounting, What in the World is the Difference or a high-level understanding of the conceptual differences between IFRS and U.S. GAAP.