International Financial Reporting Standards (IFRS) play a crucial role in achieving consistency across financial information globally. While U.S. Generally Accepted Accounting Principles (GAAP) is widely recognized, over 120 countries have adopted IFRS. This course provides an overview of IFRS, covering the IFRS Foundation, the International Accounting Standards Board, standard-setting processes, the Conceptual Framework for Financial Reporting, notable IFRSs, and differences between IFRS and U.S. GAAP.

Upon completion of this course, you will be able to:

• 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