US GAAP and IFRS: An Introduction

New York Institute of Finance

ITEM FIPR0653

Self Paced Course

Available Now
Online

$89.00

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Online (Self-paced)

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1 Hours

language

English

school

Professional

Virtual Series Course

Available Now
Virtual (Part-Time)

$89.00

video_library

Online (Self-paced)

update

1 Hours

language

English

school

Professional


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17

US GAAP and IFRS: An Introduction

Get an overview of the different accounting standards - US GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards). This course replicates the content from module 1 of the course Global Convergence of Accounting Standards: Understanding US GAAP and IFRS - A Core NYIF Course

CPE Credits: 1

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 : 1 hour

  • Define the acronyms U.S. GAAP and IFRS
  • Harmonization and convergence as they relate to accounting standards
  • Financial statements required under U.S. GAAP and IFRS
  • Potential objectives of financial reporting
  • Two-fold role of accounting standards
  • Reasons why accounting standards differ among countries
  • Countries currently using IFRS
  • Why the adoption of IFRS internationally may not lead to full harmonization of accounting standards