Course detail

E-mail a friend with details of this course.
Download a printable pdf of this page.

Contents

• Introduction
• Prerequisites
  
• Course Level
  
• Topics
  
• Course Benefits
  
• Teaching Method
  
• Continuing Professional Education
  
• Venue
  
  

Introduction

Go To Top

This two-day course provides a comprehensive comparison and review of critical technical differences between US GAAP and IFRS.

The program includes a technical review of the most common items that have appeared on the SEC Form 20-F reconciliation of IFRS to US GAAP. Our expert instructors use real-world examples and model financial statements to explain and illustrate these critical accounting differences.

Course delegates are also brought up-to-date on the prospects and timetable for convergence of US GAAP with IFRS. In addition, participants are provided with information to assist them in researching accounting issues and monitoring future changes.

Among the questions addressed in this course are:

• What are the critical differences between US and IASB standards?

• Which are the most common differences that significantly affect the financial statements?

• When is it expected that new convergence-related standards will be issued?

• What are the prospects for international convergence of accounting standards?

• How may current accounting issues be researched and future changes monitored?

Prerequisites

Go To Top

Basic understanding of either IFRS or US GAAP.
No advance preparation is required for this course.

Course Level

Go To Top

Overview

Topics

Go To Top

• IFRS / US GAAP Differences
• Conceptual Framework
• Financial Statements
• Presentation
• Cash flow statements
• Accounting policies, changes in accounting estimates and errors
• Events after the reporting date
• Segment disclosures
• Interim financial reporting
• Discontinued operations
• Equity items
• Earnings per share
• Assets
• Inventories
• Property, plant and equipment
• Borrowing costs
• Intangible assets
• Investment property
• Impairment testing
• Non-current assets held for sale
• Liabilities
• Employee benefits, including pensions
• Provisions and contingencies
• Leases
• Share-based payment
• Deferred taxes
• Financial Instruments
• Financial assets
• Financial liabilities
• Derivatives and hedging
• Revenue Recognition
• Business Combinations, Consolidations, Associates & Joint Ventures
• Business combinations
• Consolidations
• Investments in associates
• Interests in joint ventures
• Convergence Issues
• Prospects and timetable for IFRS/US GAAP convergence
• Short term convergence topics
• IASB and FASB joint projects
• Current exposure drafts relating to convergence issues
• Accounting Research Sources

Course Benefits

Go To Top

• Minimize the learning curve for getting up to speed on US GAAP or IFRS by capitalizing on existing knowledge
• Appreciate the major technical differences between US GAAP and IFRS requirements
• Evaluate the significant impact of these differences through the use of real-world and model financial statements
• Plan ahead for the implementation of new convergence-related standards
• Research current accounting rules and likely future changes in requirements
• Evaluate the prospects and timetable for global accounting convergence

Teaching Method

Go To Top

• Live group instruction with interactive participation encouraged
• Presentation and comparison of current and likely future critical technical differences between IFRS and US GAAP accounting requirements
• Review of reconciliation items drawn from SEC Forms 20-F
• Use of real-world and model financial statements and case studies to illustrate differences
• Discussion of prospects and likely timetable for global accounting convergence
• All participants receive a comprehensive binder containing copies of the presentation slides, handouts and other course material

Continuing Professional Education (CPE)

Go To Top

16 hours

Venue

Go To Top

All of our Houston seminars take place in 4 star professional conference facilities, usually in city-centre downtown hotels like the Marriott, Sheraton or Hilton brands.

Detailed Joining Instructions are generally sent to all registered delegates approximately one month before the event, which include exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available.

Coffee and lunch will be provided.

[Todos nuestros seminarios en Houston se desarrollan en instalaciones profesionales para conferencias de 4 estrellas, normalmente en hoteles localizados en el centro de las ciudades, tales como el Marriott, el Sheraton o en la cadena del Hilton.

Instrucciones detalladas para el encuentro son enviadas a todos los delegados registrados por lo menos un mes antes al evento, que incluyen detalles precisos de las instalaciones y recomendaciones de los hoteles alrededor (o interior) con las tarifas de alojamiento si están disponibles.

Café y almuerzos son provistos.]