What Are The International Financial Reporting Standards?

by Chelsea Rosine | Feb 26, 2020

WebCE Offers A New CPA Course

International Financial Reporting Standards

The International Financial Reporting Standards (IFRS) set standards for international companies to keep financial statements consistent and comparable. The International Accounting Standards Board (IASB) created the IFRS to ensure companies can keep their accounting language the same across countries.

While the U.S. Generally Accepted Accounting Principles (GAAP) is widely considered the gold standard of financial reporting, more than 120 countries have adopted the International Financial Reporting Standards. As a CPA, you’ll want to be able to recognize key differences between the IFRS and U.S. GAAP to better understand your company’s needs.

WebCE’s new course, International Financial Reporting Standards, is designed for CPAs and other financial professionals in the public accounting industry to recognize and apply the IFRS. By the end of this course, you’ll be able to recognize key attributes of the IFRS Foundation and how IFRSs are issued. You’ll also be able to identify accounting and reporting requirements for certain noteworthy IRFRSs as well as guidance included with the Conceptual Framework.

Learn more about the IRFS to better serve your company and clients! To order this course and more go to www.webce.com or call us at 877.488.9308. 

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