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Course Details

A Guide to IFRS (Course Id 469)

Updated / QAS / Registry
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 : 999
Prerequisites : Basic Accounting.
Experience Level : Overview
Additional Contents : Complete, no additional material needed
Additional Links :
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 :

IFRS Course Learning Objectives

After completing this course, you should be able to:
    • Recognize key differences between IFRS and GAAP affecting the financial statements.
    • Recognize the objectives of the IASB’s conceptual framework project.
Course Contents :

Chapter 1 - A Guide to IFRS

Couse Learning Objectives


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




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


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


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


IFRS Course 469 Home: https://www.cpethink.com/ifrs-cpe-for-cpas
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