Financial Reporting: Miscellaneous Topics-U.S. GAAP vs IFRS 2024

Overview

A recent IFRS Foundation survey found that 167 jurisdictions now require the use of IFRS Accounting Standards for all or most publicly listed companies, while 12 jurisdictions permit its use. With this global acceptance, and as more than 1,000 foreign companies are reporting to the SEC using IFRS, learn how to read and understand the differences between US GAAP and IFRS financial reports. This course. The last three-course series concentrates on the miscellaneous topics not covered in the first two courses, such as business combinations, consolidations, and revenue recognition, as reported in the financial statements. Excerpts from public company financial reports will be reviewed. Be sure to register for all three parts of this series: Financial Reporting: Presentation-U.S. GAAP vs. IFRS Financial Reporting: Assets and Liabilities-U.S. GAAP vs IFRS Financial Reporting: Miscellaneous Topics-U.S. GAAP vs IFRS

Highlights

Foreign currency
Borrowing costs
Related party disclosures
Fair value
Business combinations
Consolidations
Joint arrangements
Revenue

Prerequisites

Financial Reporting: Presentation and Financial Reporting: Assets and Liabilities

Designed For

CPAs, auditors, consultants, and financial and managerial professionals.

Objectives

Identify similarities and differences between U.S. GAAP and IFRS reporting requirements for miscellaneous topics
Foreign currency
Borrowing costs
Related party disclosures
Fair value
Business combinations
Consolidations including joint arrangements
Revenue

Preparation

None

Notice

This course is offered by a 3rd party vendor. Login instructions will not be accessible in the My CPE Tracker section of the ISCPA website. Login instructions will be emailed directly to you by California Education Foundation (CalCPA).