On-Demand

22.5 CPE Credits

IFRS Certificate Program (On-Demand) 2023

On-Demand
22.5 CPE Credits

Compete effectively in today's global business environment.

Progress toward a set of global accounting standards is no longer a goal of the International Accounting Standards Board (IASB)—it is a reality, as many of the world's largest capital markets require or permit the use of International Financial Reporting Standards (IFRS). Over 125 countries require publicly traded companies to apply IFRS, while many other jurisdictions permit the use of IFRS in some circumstances.

Why is IFRS relevant in the U.S., and to your work?

Many multinationals corporations are headquartered across the U.S., so you could easily find yourself with a client subject to IFRS requirements, either for itself or a non-U.S. subsidiary.

You might increasingly find yourself structuring deals and transactions with IFRS counterparties, including vendors and customers. Understanding the implications of structuring these transactions and reporting on them using IFRS will require you to have more than a passing knowledge of these standards.

As both FASB and IASB continue their standard-setting agendas, you'll need to assess proposals and be concerned about divergence that could affect your financial reporting or audit responsibilities going forward.

Courses include:

  • IFRS: The Conceptual Framework for Financial Reporting and Fair Value Measurement (IFRS 13)
  • Presentation of Financial Statements (IAS 1) and Events After the Reporting Period (IAS 10)
  • Accounting Policies, Changes in Accounting Estimates and Errors (IAS 8)
  • Inventory (IAS 2)
  • Property, Plant and Equipment (IAS 16) and Borrowing Costs (IAS 23)
  • Investment Property (IAS 40)
  • Intangible Assets (IAS 38)
  • Impairments (IAS 36)
  • Non-Current Assets Held-for-Sale and Discontinued Operations (IFRS 5)
  • Government Grants (IAS 20)
  • Leases (IFRS 16)
  • Financial Instruments (IAS 32, IFRS 9, IFRS 7)
  • Provisions, Contingent Liabilities, and Contingent Assets (IAS 37)
  • Income Taxes (IAS 12)
  • Employee Benefits (IAS 19)
  • Share-Based Payment (IFRS 2)
  • Revenue from Contracts with Customers (IFRS 15)
  • Related Party Disclosures (IAS 24)
  • Consolidated Financial Statements (IFRS 10) and Separate Financial Statements (IAS 27)
  • Business Combinations (IFRS 3)
  • Investment in Associates and Joint Ventures (IAS 28) and Joint Arrangements (IFRS 11)
  • Foreign Exchange Rates (IAS 21)
  • First-Time Adoption of IFRS (IFRS 1)
  • Statements of Cash Flows (IAS 7) and Interim Reporting (IAS 34)
  • Earnings per Share (IAS 33)

2023smd

Learning Objectives

  • Recognize the underlying concepts and principles of IFRS.
  • Identify the required format and content of a complete set of financial statements, including required footnote disclosures
  • Identify the presentation and disclosure requirements of a statement of cash flows, including the proper classification of operating, financing, and investing activities.
  • Indicate and apply the requirements of new standards on revenue recognition (IFRS 15) and leases (IFRS 16).
  • Identify the classification, recognition, measurement, and disclosure of common financial statement assets and liabilities.
  • Identify and account for an impairment loss with respect to a nonfinancial asset.
  • Recall required disclosures for related parties and events after the reporting period.
  • Recognize the accounting treatment applied to share-based payments and employee benefits.
  • Recall accounting requirements for business combinations, joint arrangements, and investments in associates.
  • Identify and calculate tax amounts to be recognized in the financial statements.
  • Recall the accounting requirements applicable to entities that transact in or keep accounting records in foreign currency.
  • Indicate how to measure fair value when required by IFRS standards.

CPE Credits Available

22.5 CPE Credits
22.5
Accounting

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Estate Planning

Prerequisites

Familiarity with financial reporting and accounting principles under IFRS

Advanced Preparation

None.

Intended Audience

CPAs in Public Practice who perform Audits and Accountants who prepare Financial Reports and work in the following areas:

Multinational organizations
U.S.-based subsidiaries of foreign parent corporations
U.S.-based parent companies with international subsidiaries that have adopted IFRS
Public companies
Large private companies
Public practice who serve private, public or international companies with audit, preparation, or advisory service

Provider

AICPA - Durham

This can not be purchased at this time.