CANCELLED Major IFRS and US GAAP Differences (2 days) (191024-12)
Description
The program includes a technical review of the most common items that
have appeared on the SEC form 20-F reconciliation of IFRS to US GAAP.
This two-day workshop provides an in-depth review and illustration of
the critical differences between US GAAP and IFRS.
Learning Objectives
Learn the critical differences between US and IASB standards
Discuss
the most common differences that significantly affect the financial
statements
When new convergence-related standards will be issued
Discuss the prospects for international convergence of accounting
standards
How current accounting issues may be researched and future
changes monitored
Major Topics
Conceptual framework
Financial statement presentation
Cash flow
statements
Accounting policies, changes in accounting estimates and
errors
Events after the reporting date
Segment reporting
Interim
financial reporting
Discontinued operations
Equity items
Earnings
per share
Inventories
Property, plant and equipment
Borrowing
costs
Intangible assets
Investment property
Impairment testing
Non-current assets held for sale
Liabilities
Employee benefits,
including pensions
Provisions and contingent liabilities
Leases
Share-based payment
Current and deferred income taxes
Financial
assets and liabilities
Derivatives and hedging
Revenue recognition
Business combinations
Consolidated financial statements
Investments
in associates
Interests in joint ventures
Specific convergence issues are also covered in the program and include:
Prospects and timetable for the convergence between IFRS and US GAAP
Short-term convergence topics
IASB and FASB joint projects (financial
statement presentation, revenue recognition, accounting for leases,
financial instruments, conceptual framework)
Convergence-related
exposure drafts.
Course Level
Overview
CPE Field of Study
Accounting
16
Prerequisites
Basic understanding of either IFRS or US GAAP No advance preparation is
required for this course.
