Webcast: Financial Reporting: Assets and Liabilities (U.S. GAAP vs IFRS) (XCFRAL19)
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The course, second in a three-course series, concentrates on financial statements prepared using IFRS vs. U.S. GAAP. A recent IFRS Foundation survey found that 116 of 140 jurisdictions required IFRS for all or most companies. With this global acceptance, and as more than 500 foreign companies are reporting to the SEC using IFRS, you need to be able to read and understand the differences between IFRS and U.S. GAAP financial reports. Analyze IFRS financial statements and outline basic...

2/21/2019
When: 02/21/2019
1:00 PM until 3:00 PM
Where: Webcast
CALCPA
4183320C
Louisiana
United States
Presenter: Bobbe Barnes


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Acronym XCFRAL19
CPE 2 hours
Vendor CalCPA
Category
A&A
Level Overview
Yellow Book? No
Registration Fees
Members* $60
CPA Non-Members $94

*The member rate applies to LCPA members, other state CPA society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Texas CPAs: Our Texas State Board of Public Accountancy Sponsor number is #010423.

Course Description

The course, second in a three-course series, concentrates on financial statements prepared using IFRS vs. U.S. GAAP.

A recent IFRS Foundation survey found that 116 of 140 jurisdictions required IFRS for all or most companies. With this global acceptance, and as more than 500 foreign companies are reporting to the SEC using IFRS, you need to be able to read and understand the differences between IFRS and U.S. GAAP financial reports.

Analyze IFRS financial statements and outline basic distinctions between IFRS and U.S. GAAP reports in the series.

Materials are provided as an ebook for this course.

Objectives

Identify similarities and differences between IFRS and U.S. GAAP reporting requirements for assets and liabilities:

  • Inventories
  • Income taxes
  • PPE
  • Financial Instruments
  • Impairment of assets
  • Provisions
  • Intangible assets
  • Investment property
  • Leases

Major Topics

  • Financial statements presentations of assets and liabilities (IAS 2,12, 16, 32, 36, 37, 38, 39, 40, IFRS 7, 9, 16 vs U.S. GAAP)
  • Overview of Annual Financial Reports (IFRS and U.S. GAAP).

Designed For: Accounting and finance professionals, including CPAs, auditors, consultants and financial professionals.

Prerequisite: Financial Reporting: Presentation

Advance Prep: None.

Note: Login instructions will be provided by the webcast vendor (CalCPA).