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Course Details

IFRS Learning Module 3: Events after the Reporting Period (Course Id 364)

Updated / QAS / Registry   Add to Cart 
Author : Michael J Walker, CPA
Status : Production
CPE Credits : 2.0
IRS Credits : 0
Price : $19.95
Passing Score : 70%
Primary Subject-Field Of Study:

Accounting - Accounting and Auditing 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 : 2016
Version : 1.0
Prerequisites : None.
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 : 08-Sep-2016
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 - 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:
    • Define “events after the reporting period” per the guidelines of IAS 10.
    • Describe the recognition and disclosure requirements for events after the reporting period under IAS 10.
    • Describe the similarities and differences between IFRS and U.S. GAAP in the area of events after the reporting period (a.k.a. “subsequent events”).
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

IFRS Course 364 Home: https://www.cpethink.com/ifrs-cpe-for-cpas
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