Home
0
Home
Item Types:
Field of Study:
Authors:
CPE Hours:
Keyword:
Hide left panel Collapse Menu
Show left panel
Recent Searches
No recent searches found.
Recent Searches
No recent searches found.
Course Details

IFRS Learning Module 5: Segment Reporting (Course Id 366)

Updated / QAS / Registry   Add to Cart 
Author : Michael J Walker, CPA
Status : Production
CPE Credits : 3.0
IRS Credits : 0
Price : $29.95
Passing Score : 70%
Primary Subject-Field Of Study:

Accounting - Accounting and Auditing for Course Id 366

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 worlds 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 5 of the IFRS Learning Module series presents an overview of IFRS 8 Operating Segments; this overview includes a detailed discussion of the processes for identifying, aggregating and reporting operating segments in IFRS financial statements. The course also discusses the IASBs and FASBs efforts towards achieving convergence in segment 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 : 10-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 - 366

Keywords : Accounting, IFRS, Learning, Module, 5, Segment, Reporting, cpe, cpa, online course
Learning Objectives :

Module Learning Objectives

After studying this module participants should be able to:
    Explain the process for identifying operating segments under IFRS 8.
    Identify reportable segments based on the guidelines and quantitative thresholds provided in IFRS 8.
    Describe the disclosure requirements of IFRS 8.
    Describe the similarities and differences between IFRS and U.S. GAAP in the area of segment reporting.
Course Contents :

Module 5:  Segment Reporting

1.0   Introduction to IFRS 8

1.1   Objective & core principle

1.2   Scope

2.0   Identifying Operating Segments

2.1   Identifying the chief operating decision maker

2.2   Identifying the entitys business activities

2.3   Determining whether discrete financial information is available

2.4   Reviewing discrete financial information regularly

2.5   Matrix organizations

3.0   Identifying and Aggregating Reportable Segments

3.1   Aggregating operating segments

3.2   Applying quantitative thresholds for reportable segments

3.3   Establishing the minimum number of reportable segments (the 75% test)

3.4   Completing the aggregation process

4.0   Disclosures (Segment)

4.1   General information

4.2   Quantitative information about profit or loss, assets and liabilities

4.3   Measurement policies

4.4   Reconciliations

5.0   Disclosures (Entity-wide)

5.1   Information about products and services

5.2   Information about geographical areas

5.3   Information about major customers

6.0   IFRS & U.S. GAAP Convergence

6.1   ASC 280 Segment Reporting

6.2   IFRS 8 & ASC 280: Similarities and differences

7.0   Module Summary

 

Glossary

IFRS Course 366 Home: https://www.cpethink.com/ifrs-cpe-for-cpas
Thank you for taking one of our free courses. We would like to be able to let you know when we add free courses or have special offers and will never spam you or share your address with anyone. If you are Ok with that please reply with "Ok" or if not please reply "No Thanks". Either way enjoy your free CPE course.
  
Exam completed on .

Do you want to add the course again?