IFRS Basics: A Guide to International Financial Reporting Standards


This course offers a targeted exploration into the world of International Financial Reporting Standards (IFRSs) and how they foster financial accountability across global markets. It discusses the functions of the IFRS Foundation and the International Accounting Standards Board, providing insights into the standard-setting process. Through comparisons of select IFRSs and U.S. GAAP standards, the course lays the groundwork for a deeper understanding of notable IFRSs and their variations from U.S. GAAP.

Learning Objectives

Upon conclusion of this course, you should:

  • recognize key attributes of the IFRS Foundation and how IFRSs are issued
  • recognize key guidance included within the Conceptual Framework
  • identify accounting and reporting requirements for certain noteworthy IFRSs
  • recognize key differences between IFRS and U.S. GAAP

Designed For

Practicing CPAs, both in public accounting and business and industry--controllers, accountants, and other financial accounting personnel; other finance and accounting professionals and managers

Advanced Preparation


WebCE® is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. For more information regarding WebCE administrative policies such as refunds, cancellations and concerns, please contact Support Services at 877-488-9308.

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