IFRS Basics: A Guide to International Financial Reporting Standards

Overview

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.

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Objectives

  • 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 accountants and financial professionals, including staff, management, executives, and external consultants.


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Course Information

Adding additional credit may change exam requirements.

Advanced Preparation: None