IFRS vs US GAAP – a 2-hour practical workshop
Financial statements around the world are mainly prepared under either International Financial Reporting Standards (IFRS) or US GAAP.
Users and investors reading these financial statements will wish to get a context view of the differences between these financial reporting frameworks.
In addition to the general reporting requirements, some specific accounting treatment will be discussed to provide the possibility to develop a solid understanding of the differences.
The course is designed for individuals who already have knowledge of IFRS and now need to develop their skills in US GAAP.
Those most interested will be: Accountants, Financial Directors, Auditors, Investment Managers and Analysts.
Course objectives:
To evaluate and apply the requirements of US GAAP, insofar as they differ from International Financial Reporting Standards (IFRS).
Your own questions will be answered at the end of the webinar, if we receive them five days before the course date that you register for. You can send your questions to academyofbusiness@pl.ey.com.
This 2- hour webinar will introduce some of the significant differences between IFRS and US GAAP, such as:
- The formats of financial statements
- Property, plant and equipment, investment properties
- The impairment models which may become more prevalent in light of the current economic context
- Intangible assets such as research and development and software costs
- Investments in shares based on the percentage ownership
Brian Connolly - Brian has been providing ACCA exam preparation training courses since 1996. He is also the author of many training programmes, including a 12-day programme on IFRS. Since 2001, he has been a trainer of courses on US GAAP.
