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Previously Titled: IFRS Essentials with GAAP Comparison: Building a Solid Foundation
IFRS (International Financial Reporting Standards) is becoming a reality in the United States. Foreign publicly-held companies in the U.S. can file IFRS financial statements with the SEC, and the SEC is expected to make a decision soon to allow U.S. publicly-held companies to file financial statements also using IFRS. This course prepares accountants for these upcoming changes, and will solidify your knowledge of the similarities and differences between IFRS and U.S. GAAP. This course begins with the background and framework of IFRS then covers how to apply specific IFRS standards to financial statements. Acquire a greater understanding of what you need to know as the acceptance of IFRS continues to grow.
This course will show you how to identify the differences between IFRS and U.S. GAAP, apply IFRS standards to financial statements, and prepare related financial statement disclosures.
Prerequisite: Completion of AICPA course International versus U.S. Accounting (IUSA) or a high-level understanding of the conceptual differences between IFRS and U.S. GAAP
Advanced Preparation: None