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Course Level :Basic
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Credits :2
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Instructional Method :Group Internet Based
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Pre-requisites :None
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Advance Preparation :None
IFRS was established to have a common accounting language, so business and accounts can be understood from company to company and country to country. When International Financial Reporting Standards (IFRS) come into effect to replace GAAP, public companies will have to change how they present their financial statements from GAAP to IFRS. Many other companies are also contemplating switching to IFRS to compete worldwide for investors who are already familiar with IFRS.
IFRS First-time Adoption of International Financial Reporting Standards sets out the procedures that an entity must follow when it adopts IFRSs for the first time as the basis for preparing its general purpose financial statements. IFRS requires that the accountant be able to understand and explain the differences between IFRS and US GAAP. Adopting IFRS means that accountants working for US companies will be expected to continue to prepare US GAAP statements, but in addition will have to prepare IFRS financial statements to meet IFRS requirements, along with a reconciling financial statement which bridges the gap between the two.
This online CPE Accounting webinar
covers the following key topics:
This online webinar is recommended for Audit professionals and CPAs who are involved in the process of preparing financial statements.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) 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.
Founder, Mike Morley
Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.
An entertaining and informative speaker and trainer, Mike is the author of:
“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.
“Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.
“Financial Statement Analysis Simplified” which translates the
accounting language of financial statements into clear, easy-to-understand
terms that anyone who needs to make well-informed financial decisions quickly
will appreciate.
27 Ratings
CH
Jun 20th, 2021
n/a
MK
Dec 29th, 2020
N/A
BB
Dec 26th, 2020
As a practicing CPA, I found Michael's webinar valuable and very practical. I learned new subjects related to my practice including practical skills. I will return to myCPE again very soon.
JLS
Mar 23rd, 2021
The presenter did an excellent job of explaining a complicated subject.
JP
May 24th, 2021
positive - good information presented in a straightforward way
2 Credits
Subject Area
May 17, 2022 | 09:00 AM EDT
May 17, 2022 | 09:30 AM EDT
May 17, 2022 | 10:00 AM EDT
May 17, 2022 | 10:00 AM EDT
May 17, 2022 | 10:00 AM EDT
May 17, 2022 | 10:00 AM EDT
May 17, 2022 | 11:00 AM EDT
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