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| Author : | Michael J Walker, CPA |
| Course Length : | Pages: 14 ||| Review Questions: 10 ||| Final Exam Questions: 10 |
| CPE Credits : | 2.0 |
| IRS Credits : | 0 |
| Price : | $17.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - Technical - NASBA Registry |
| Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 364 |
| Description : | IFRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (“IFRS”). IFRS represents the global accounting principles that provide the foundation for most of the world’s financial reporting. These Standards establish the recognition, measurement, presentation and disclosure requirements for transactions and events reflected in IFRS financial statements. The growing acceptance of IFRS as a basis for U.S. financial reporting represents a fundamental change for the U.S. accounting profession. The International Accounting Standards Board (IASB) and their U.S. equivalent (the FASB) have made commitments towards the convergence of U.S. GAAP and IFRS and are working to eliminate as many differences between the two Standards as possible. In addition, the Securities and Exchange Commission has endorsed the outright adoption of IFRS in the United States. Therefore it is clear that IFRS represents the future of financial accounting and reporting in the United States. Module 3 of the IFRS Learning Module series presents an overview of IAS 10 Events after the Reporting Period (a topic commonly referred to as “subsequent events” under U.S. GAAP) and discusses the IASB’s and FASB’s efforts towards achieving convergence in this area of financial reporting. |
| Usage Rank : | 0 |
| Release : | 2021 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
IFRS Module 3 Subsequent Events American CPE
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| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 05-Nov-2021 |
| 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 - Text - Technical - NASBA Registry - 364 |
| Keywords : | Accounting, IFRS, Learning, Module 3, Events, after, Reporting, Period, cpe, cpa, online course |
| Learning Objectives : |
Module Learning Objectives After studying this module participants should be able to:
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| Course Contents : | Module 3: Events after the Reporting Period 1.0 Introduction to IAS 10 1.1 Objective 1.2 Scope 1.3 Events after the reporting period (defined) 2.0 Recognition and Measurement 2.1 Adjusting events after the reporting period 2.2 Non-adjusting events after the reporting period 2.3 Dividends 3.0 Going Concern 4.0 Disclosures 4.1 Date of authorization for issue 4.2 Updating disclosure about conditions at the end of the reporting period 4.3 Non-adjusting events after the reporting period 5.0 IFRS & U.S. GAAP Convergence 5.1 ASC 855 Subsequent Events 5.2 IAS 10 & ASC 855: Similarities and differences 6.0 Module Summary Glossary |
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