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

Course Instructor: Bobbe Barnes

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 provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by the California Education Foundation (CalCPA). Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.