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IFRS Basics with US GAAP Comparison

  • Abbreviation: IFRSB
  • Conference Type: Conference
  • Start Date: May 18, 2015
  • Conference URL: http://atnd.it/19055-0
  • Hotel Venue: AMA New York Executive Conference Center
  • Street: 1601 Broadway
  • City: New York City
  • State: New York
  • Country: United States
  • Zip/Postal Code: 10019
  • Contact Email: customer.services@iaseminars.com
  • Contact Name: The Customer Services Team
  • Listed: December 21, 2014 5:20 pm
  • Expires: This ad has expired


This three-day interactive workshop is an overview of the major technical issues involved in IFRS and the critical differences between IFRS and US GAAP.

International Financial Reporting Standards (IFRS) are the most globally accepted accounting standards, with over 120 countries now applying IFRS. The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) have made a specific commitment to converge their accounting standards.

As a result of the growing acceptance of IFRSs, numerous companies around the world have and will begin accounting in accordance with IFRSs. IFRSs continue to develop rapidly as a result of both the convergence agenda with US GAAP and the need to address new topics.

This wide ranging three-day overview is designed to guide participants step-by-step through important IFRS technical issues, including the IASB’s most recent pronouncements. Our specialist instructor will explain the principles clearly and simply and provide real-world examples, including an overview of the requirements for first time adoption of IFRS and the practicalities of implementing IFRSs.

This course also provides a comparison and review of significant technical differences between US GAAP and IASB accounting standards. Real-world examples and model financial statements are used to explain and illustrate these critical accounting differences.

Likely future changes in IFRSs and the prospects and timetable for implementation of joint IASB-FASB projects will also be discussed.

This course answers questions such as:
What are the current IFRS requirements?
When will proposed changes affect financial statement presentation, disclosures and financial performance reports?
What are the critical differences between US GAAP and IASB standards?
What are the likely effective dates of the major IASB-FASB joint projects?
What issues are involved in moving from US GAAP to IFRSs?
When may alternatives be chosen and what options are available for preparing IFRS financial statements?

Date: May 18, 2015 – May 20, 2015

Time: 9:00 am – 6:00 pm

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