CPE Credit Hours: 5
Field of Study: Accounting
Publication date: December 2021
Increasing globalization with related regulations continues to put pressure on accounting authorities to move towards a common global accounting framework – The International Financial Reporting Standards (commonly called IFRS Standards, or just IFRS).
IFRS Standards is becoming the global standard used by many public companies for the preparation of financial statements. It has replaced many national accounting standards around the world. Currently, over 140 jurisdictions have successfully adopted IFRS Standards. Although public companies in the U.S. are required to apply U.S. GAAP, the SEC continues to explore whether, and if so, when, and how to incorporate IFRS Standards into the U.S. financial reporting system.
Being financially bilingual in the U.S. is important. This course is designed to identify the significant differences, by accounting area, between U.S. GAAP and IFRS Standards. It discusses key topics, such as conceptual framework and financial statement presentation, revenue recognition, lease accounting, and business combinations.
This is a self-study CPE course.
Program level: Intermediate
Prerequisites: Basic Accounting
Advanced Preparation: None Required
Minimum Final Examination Passing Grade: 70%
Maximum Time Allowed To Complete Program: One Year From Date Of Purchase
