US GAAP and IFRS: Categorizing Differences
Classify the high level differences between US GAAP and IFRS. This course replicates the content from module 2 of the course Global Convergence of Accounting Standards: Understanding US GAAP and IFRS - A Core NYIF Course
CPE Credits: 0.5
Program Details (NASBA) View
| Program Level | Intermediate |
| Prerequisites | This course has no prerequisites. |
| Advance Preparation | No advance preparation required. |
| Recent Revision Date | February 19, 2015 |
| Instructional Delivery Method | QAS Self Study |
| Field of Study | Accounting |
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Duration : 0.5
- Two dichotomous categories that can be used to organize differences between U.S. GAAP and IFRS
- Substantive and cosmetic differences
- Temporary and permanent differences
- The underlying factors that may give rise to differences between U.S. GAAP and IFRS
- Measurement, recognition threshold, classification, and rules as they apply to giving rise to differences between U.S. GAAP and IFRS
- Benefits of using the classification methods described