Description: As International Financial Reporting Standards (IFRS) continue to be the prime alternative to US GAAP it is essential that academics operating in an international environment have an understanding of the key areas where IFRS differ from US GAAP. Increasingly, research and teaching activities will need to incorporate consideration of IFRS, and if IFRS replaces US GAAP at some time in the future, the academic community will be at the forefront of preparing for the change. This session would provide an overview of key similarities and differences between IFRS and US GAAP - including a focus on those differences that are preently being eliminated and those that could be expected to remain for the next several years.
Field of Study: Accounting
Program Level: Basic
Method of Delivery: Group — Live
Intended Audience: All academics interested in financial reporting - particularly those interested in international accounting.
Format/Structure: Panel presentation and discussion
Learning Objective: As International Financial Reporting Standards (IFRS) continue to be the prime alternative to US GAAP it is essential that academics operating in an international environment have an understanding of the key areas where IFRS differ from US GAAP. Increasingly, research and teaching activities will need to incorporate consideration of IFRS, and if IFRS replaces US GAAP at some time in the future, the academic community will be at the forefront of preparing for the change.
This session would provide an overview of key similarities and differences between IFRS and US GAAP - including a focus on those differences that are presently being eliminated and those that could be expected to remain for the next several year.
Prerequisites: A basic understanding of US GAAP.
Advanced Preparation Required:
