Training

CPE Self-Study

Are You Ready for IFRS? Moving Beyond the Basics
Author/Moderator: Leah Donti, CMA, MBA
Recommended CPE Credit: 18

IFRS (International Financial Reporting Standards) is becoming a reality in the United States. Foreign publicly-held companies, including those with subsidiaries in the U.S., can already file financial statements with the SEC using IFRS. In addition, the SEC is expected to make a decision soon allowing U.S. publiclyheld companies to also file financial statements using IFRS. We recognize your need for proper and timely training and are ready to assist you in providing this crucial education.

This course prepares accountants for these upcoming changes and will help you solidify your knowledge of the similarities and differences between IFRS and U.S. GAAP. Even if your knowledge is limited, a brief recap of the important points is provided at the beginning of the course to help get you up to speed. Additionally, you will learn to apply specific IFRS standards to the impacted financial statement line items. Walk away with a greater understanding of what you need to know as the acceptance of International standards continues to grow.

Course Objectives:

  • Infrastructure and operations;
  • Readily focus on the differences between IFRS and U.S. GAAP
  • Recognize and review the similarities between IFRS and U.S. GAAP
  • Apply the specific IFRS standards to the related impacted financial statement line items
  • Focus on the financial statement disclosure differences that often become an unwelcome surprise at the 11th hour

International Versus U.S. Accounting: What in the World is the Difference?
With the fast pace of the convergence project, understanding the differences between IFRS and U.S. GAAP is becoming more important for businesses of all sizes. This course outlines the major differences between IFRS and U.S. GAAP.

Course Objectives:
  • Recognize the significant differences and similarities between U.S. GAAP and IFRS
  • Analyze financial statements prepared in accordance with IFRS
  • Standardize reporting in an international environment

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The International Financial Reporting Standards: An Overview
This unique course, available in two formats (CD-ROM and On-Demand), captures the live presentation on IFRS given to the AICPA Board of Directors.

Course Objectives:
  • Identify some of the global convergence efforts that are currently underway in the accounting standards area
  • Identify who the major players are that are undertaking this effort
  • Understand the history of the convergence effort and some of the significant differences between the U.S. and the international accounting standards
  • Prepare to implement the International Financial Reporting Standards within your organization

CPExpress

AICPA’s popular, award-winning online library offers over 900 courses and over 1,200 hours of CPE. Find courses on IFRS and convergence with US GAAP.