Financial Reporting: Assets and Liabilities-U.S. GAAP vs IFRS 2024

Description

A recent IFRS Foundation survey found that 167 jurisdictions now require IFRS Accounting Standards for all or most publicly listed companies, while 12 jurisdictions permit its use. With this global acceptance, and as more than 1,000 foreign companies report to the SEC using IFRS, learn how to read and understand the differences between US GAAP and IFRS financial reports. This course, the second in a three-course series, concentrates on the assets and liabilities as reported in the financial statements. Analyze US GAAP and IFRS financial reports and outline basic distinctions between the financial reports in the 3-course series. Excerpts from public company financial reports will be reviewed. Be sure to register for all three parts of this series: Financial Reporting: Presentation-U.S. GAAP vs. IFRS Financial Reporting: Assets and Liabilities-U.S. GAAP vs IFRS Financial Reporting: Miscellaneous Topics-U.S. GAAP vs IFRS

Highlights

• Inventories
• PPE
• Intangible assets
• Investment property
• Impairment of assets
• Financial instruments
• Provisions
• Leases
• Income taxes

Objectives

• Identify similarities and differences between IFRS and U.S. GAAP reporting requirements for assets and liabilities
• Inventories
• PPE
• Intangible assets
• Investment property
• Impairment of assets
• Financial instruments
• Provisions
• Leases
• Income taxes

Designed For

CPAs, auditors, consultants, and financial and managerial professionals.