A recent IFRS Foundation survey found that 167 jurisdictions now require the use of 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 are reporting to the SEC using IFRS, learn how to read and understand the differences between US GAAP and IFRS financial reports. This course, the first in a three-course series, concentrates on presenting financial statements using US GAAP vs. IFRS. Analyze US GAAP and IFRS financial reports and outline essential distinctions between the financial information in the 3-course series. Excerpts from public company financial reports will be reviewed.
Learning Objectives
• Identify underlying concepts in preparing a financial report
• Observe similarities and differences between IFRS and U.S. GAAP financial statement presentation requirements
• Presentation of financial statements
• Statement of cash flows
• Accounting policies
• Events after reporting period
• Earnings per share
• Interim financial reporting
• Operating segments
Major Topics
• Presentation of financial statements
• Statement of Cash Flows
• Accounting policies
• Events after reporting period
• Earnings per share
• Interim financial reporting
• Operating segments
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