IFRS in the USA

Course Description:

This course provides an introductory overview of International Financial Reporting Standards, including detailed discussions of the impact that IFRS will have on U.S. businesses. This course also includes comprehensive reviews of the IASB structure and its standard-setting process, the basic framework that serves as the foundation for IFRS and the differences that exist between U.S. GAAP and IFRS.

Learning Objectives:

Upon successful completion of this course, participants will be able to:

• Define IFRSI and describe the due process followed for developing and issuing the standards
• Explain the basic concepts by which financial statements are prepared under IFRS
• Explain the primary differences that exist between IFRS and U.S GAAP as well as the efforts by the IASB and the FASB to eliminate these differences
• Describe the impact that adopting IFRS will have on the United States