Purchase Course

IFRS - Practical Application and Comparison to U.S. GAAP   

24

Estimated CPE
Tuition
$2,795.00
Course Number
16-IL-341-EE
Course Leader
KPMG professionals
Hotel / Venue Details
View Details
24

Estimated CPE
Tuition
$2,795.00
Course Number
16-IL-341-EE
Course Leader
KPMG professionals
Hotel / Venue Details
View Details

Course Details

For companies that do business across borders, accounting can be doubly complex, given critical differences between International Financial Reporting Standards (IFRS) and U.S. GAAP.

This intensive, three-day course is designed for financial executives of U.S. subsidiaries of foreign companies, U.S. companies accessing foreign capital markets, those with international investors, or any other company reporting under IFRS.

The course content provides in-depth, practical knowledge about the preparation of financial statements in compliance with International Financial Reporting Standards (IFRS), key differences between U.S. GAAP and IFRS, and a variety of challenges involving transitioning to and adopting IFRS. Participants are also provided an overview of the impact on non-accounting areas, such as systems, processes and controls. In addition, this course covers the new IFRS standards for revenue recognition, financial instruments, and leasing and compares them with the related U.S. GAAP requirements.

Course Agenda

  • General IFRS
  • IFRS Framework
  • IFRS in the United States
  • Presentation of Financial Statements and IFRS 1
  • Financial Instruments
  • Revenue Recognition
  • Intangible Assets
  • Consolidation and Joint Ventures
  • Property, Plant and Equipment
  • Inventories
  • Employee Benefits
  • Financial Instruments - Debt/Equity
  • Leasing
  • Income Taxes
  • Debt vs. Equity Classification
  • Derivatives and Hedging
  • Provisions, Contingent Liabilities and Contingent Assets
  • Business Combinations
  • Impairment
  • Derecognition of Financial Instruments
  • Disclosure Issues
  • IFRS Financial Statements used for Transactions
  • Foreign Currency Translation
  • Share-based Payment Arrangements
  • Investment Property
  • Statement of Cash Flows
  • Financial Instruments Disclosure
  • Discontinued Operations and Subsequent Events
  • U.S. GAAP to IFRS Practical Conversion Considerations
Course Leaders
Partners and Senior Managers from KPMG’s Audit Quality and Professional Practice Group

Keywords:
IFRS; U.S. GAAP; Accounting; FASB; IASB; Convergence, Accounting

Other Details

Special Notice/Instruction: NASBA Delivery Method: Group Live
Prerequisite: Knowledge of Basic Accounting
Preparation: None
Level of Knowledge: Intermediate
Field of Study: Accounting
Delivery Method: Seminar
For companies that do business across borders, accounting can be doubly complex, given critical differences between International Financial Reporting Standards (IFRS) and U.S. GAAP.

This intensive, three-day course is designed for financial executives of U.S. subsidiaries of foreign companies, U.S. companies accessing foreign capital markets, those with international investors, or any other company reporting under IFRS.

The course content provides in-depth, practical knowledge about the preparation of financial statements in compliance with International Financial Reporting Standards (IFRS), key differences between U.S. GAAP and IFRS, and a variety of challenges involving transitioning to and adopting IFRS. Participants are also provided an overview of the impact on non-accounting areas, such as systems, processes and controls. In addition, this course covers the new IFRS standards for revenue recognition, financial instruments, and leasing and compares them with the related U.S. GAAP requirements.

Course Agenda

  • General IFRS
  • IFRS Framework
  • IFRS in the United States
  • Presentation of Financial Statements and IFRS 1
  • Financial Instruments
  • Revenue Recognition
  • Intangible Assets
  • Consolidation and Joint Ventures
  • Property, Plant and Equipment
  • Inventories
  • Employee Benefits
  • Financial Instruments - Debt/Equity
  • Leasing
  • Income Taxes
  • Debt vs. Equity Classification
  • Derivatives and Hedging
  • Provisions, Contingent Liabilities and Contingent Assets
  • Business Combinations
  • Impairment
  • Derecognition of Financial Instruments
  • Disclosure Issues
  • IFRS Financial Statements used for Transactions
  • Foreign Currency Translation
  • Share-based Payment Arrangements
  • Investment Property
  • Statement of Cash Flows
  • Financial Instruments Disclosure
  • Discontinued Operations and Subsequent Events
  • U.S. GAAP to IFRS Practical Conversion Considerations
Course Leaders
Partners and Senior Managers from KPMG’s Audit Quality and Professional Practice Group

Keywords:
IFRS; U.S. GAAP; Accounting; FASB; IASB; Convergence, Accounting

Special Notice/Instruction: NASBA Delivery Method: Group Live
Prerequisite: Knowledge of Basic Accounting
Preparation: None
Level of Knowledge: Intermediate
Field of Study: Accounting
Delivery Method: Seminar

Seminar Brochure

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Seminar Brochure

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