IFRS Roadmap

Title: Roadmap to IFRS

Course ID: AACIFRS09

CPE Hours: 2.5

Format: PDF

Course Description:

Click here for Table of Contents
Click here for outline of course

Price: $18.50

International Financial Reporting Standards (IFRS) is a common set of accounting principles used for public reporting in over 100 countries. It was adopted by the 25 member states of the European Union In 2005. Currently, it is expected that Brazil, Canada, India, Mexico and South Korea will be transitioning to IFRS over the next two years.
Due to its increasing global acceptance, IFRS is thought to have the potential to become a common platform on which companies can report and investors can compare financial information. The U.S. Securities and Exchange Commission (SEC) has proposed an IFRS Roadmap that establishes the potential for IFRS adoption by U.S. public companies over the next five to seven years. Currently, IFRS is acceptable to the SEC as a reporting basis for foreign private issuers. No reconciliation to U.S. GAAP is required for these foreign private issuers

Delivery: Internet/Interactive

NASBA Category: Accounting

Learning Objective

After completing this course, participants should be able to:

Gain an understanding of what IFRS is
Understand the current status of IFRS in terms of worldwide adoption as well as US adoption
Understand the basics of the SEC RoadMap
Recognize some of the significant differences between US GAAP and IFRS and the types of entities that may be impacted by a move to IFRS

Level: Basic

Prerequisites: Experience in Financial Reporting is recommended although it is not required.

Updated: March 2011

Price:

$18.50