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| Author : | Jae K. Shim, Ph.D., CPA |
| Status : | Production |
| CPE Credits : | 1.5 |
| IRS Credits : | 0 |
| Price : | $13.45 |
| Passing Score : | 70% |
| NASBA Technical: | Yes |
| Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 469 |
| Description : | International Financial Reporting Standards (IFRS) is the framework used by many publicly traded companies around the world today to report their financial results. With support from important constituencies, the SEC and the FASB have taken several steps toward what will be a major transition from accounting and reporting framework currently in place in the United States to IFRS. In an effort to better understand how convergence will affect financial reporting in the United States, depending on the IFRS implementation action taken by the SEC, this course examines some of the material differences that currently exist between U.S. GAAP and IFRS. |
| Usage Rank : | 0 |
| Release : | 2016 |
| Version : | 1.0 |
| Prerequisites : | Basic Accounting. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed |
| Additional Links : |
2016 A Guide through IFRS Standards Green Book—now available
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| Advance Preparation : | None. |
| Delivery Method : | Self-Study. |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 05-Jan-2017 |
| NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
| Approved Audience : | NASBA QAS - NASBA Registry - 469 |
| Keywords : | Accounting, Guide, IFRS, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives After completing this course, you should be able to:
• Recognize the objectives of the IASB’s conceptual framework project. |
| Course Contents : | Chapter 1 - A Guide to IFRS Couse Learning Objectives Why IFRS? Required Financial Statements and Structural Differences in Primary Financial Reporting Financial Statement Presentation—Joint Project of the FASB and IASB Different Approaches to Income Measurement and Fair Value Use under IFRS and U.S. GAAP IFRS Differences Affecting the Statement of Financial Position Cash and Cash Equivalents Receivables Inventories Investments Equity-Method Investments Property, Plant and Equipment Revaluations Involving Depreciable Assets Intangible Assets and Goodwill Contingent Liabilities Defined Benefit Plans Income Tax Deferrals Lease Accounting Equity IFRS Differences Affecting The Income Statement Revenue Recognition Sale of Goods Bill-and-Hold Transactions Multiple Element Arrangements Long-Term Construction Contracts Customer Loyalty Programs Discontinued Operations Share-Based Payment Impairment Earnings per Share Subsequent Events Comprehensive Income IFRS Differences Affecting the Statement of Cash Flows Conceptual Framework Project Objective of General Purpose of Financial Reporting Qualitative Characteristics of Useful Financial Information Where to Learn More about IFRS Review Questions Glossary |
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