IFRS vs. U.S. GAAP - Major Differences in Accounting 2 CPE

Course Duration: 2 Hours

Course Rating:

Course Enrollments: 518 Enrolled

Mode of Delivery: On-Demand

Course Level: Intermediate

Study Area: Accounting

Whether a financial statement preparer or user is more familiar with IFRS or U.S. GAAP, it is important to be familiar with the important differences between the two financial reporting frameworks. This course highlights some of the more significant differences between the standards.

Prerequisites

No advanced preparation or prerequisites are required for this course.

Learning Objective

Explore major differences in the design and structure of IFRS vs. U.S. GAAP.
Discover significant differences in financial statement presentation and disclosure principles, including:
- Periods required to be reported
- Interim financial reporting
- Debt classification, and more
Recognize significant differences in initial recognition and subsequent measurement standards, including:
- Consolidation
- Equity method investments
- Business combinations
- Financial instruments
- Inventory
- Leases
- Revenue recognition
- Share-based payments
- Income taxes
- Employee benefits
- Provision for contingencies, and more