Overview:
The two key players in a significant amount of financial reporting development are undoubtedly the IASB and the FASB. The course provides a comparison of the two reporting frameworks in terms of general reporting requirements and specific accounting treatments. This course will therefore provide a useful context with which to understand current development and create an awareness of the financial reporting challenges for groups with component reporting under each of the frameworks.
Learning outcomes:
On completion of this course, participants will have a greater understanding of:
- The international context of IFRS and US GAAP
- The similarities and differences in accounts format
- The key accounting similarities between IFRS and US GAAP
- The key accounting differences between IFRS and US GAAP.
Authored by:
Bruce Cowie, Head of Financial Reporting at BPP Professional Devlopment
Bruce Cowie is the Head of Financial Reporting Programmes at BPP Professional Development. He has been training full time in Financial Reporting topics since 1985, and has an expertise in IFRS, UK GAAP and US GAAP. He has trained across the world (e.g. USA, Europe, APAC, Australia, Argentina) for large multinationals, small and medium sized companies, accounting firms, professional bodies and Government entities, and still maintains a genuine love for his subjects. He has spent a considerable time in training firms for the transition to IFRS and to the new UK GAAP.
CPD Points: 1
CPD Duration (hours): 1
Access: 12 months from purchase date
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