A recent IFRS Foundation survey found that 144 of 160 profiled jurisdictions require the use of IFRS for all or most companies. With this global acceptance, and as more than 500 foreign companies are reporting to the SEC using IFRS, learn how to read and understand the differences between U.S. GAAP and IFRS financial reports. This last course of a three-course series concentrates on the miscellaneous topics, including such topics as business combinations, consolidations, revenue recognition as reported in the financial statements. Excerpts from public company financial reports will be reviewed.
Learning Objectives
- Identify similarities and differences between U.S. GAAP and IFRS reporting requirements for miscellaneous topics:
- Foreign currency
- Borrowing costs
- Related party disclosures
- Fair value
- Business combinations
- Consolidations including joint arrangements
- Revenue
Major Topics
- Foreign currency
- Borrowing costs
- Related party disclosures
- Fair value
- Business combinations
- Consolidations
- Joint arrangements
- Revenue
