Irrespective of whether or not regulators can agree to a global system
or financial reporting, FASB and IASB are already making considerable
progress to minimize the differences between their respective standards.
This course provides an in-depth explanation of how far FASB and IASB
have come in their attempt to create common standards. The course will
set out the convergence agenda and pay particular attention to the areas
of revenue recognition and lease accounting. The Boards’ agreed approach
in these areas will be explained and evaluated. Any areas of continuing
differences between the Boards’ standards, are also discussed.