Overview
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PwC Views – Importance of Being Financially Bilingual
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Identifying a Contract with a Customer
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Sales Tax Presentation – Policy Election
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Inputs, Processes, and Outputs (ASC 805-10-55-4)
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Characteristics of Goodwill
Course Description
In this online CPE course for CPAs and other accounting professionals, all pronouncements are covered at an overview level to provide attendees with insights into the accounting guidance for Revenue Recognition & Business Combination.
There are two dominant systems of accounting used by corporations around the world. In the U.S., companies use the generally accepted accounting principles (GAAP), while international companies use the International Financial Reporting Standards (IFRS). In this Online CPE course, Kelen Camehl will discuss the key differences.
This Online Accounting CPE course provides an overview of the similarities and key differences between the revenue recognition and business combination standards issued by the FASB (ASC Topic 606, 805) and the IASB (IFRS 15, 3). While these standards are similar in many material respects, there are notable differences that are good to understand.
This Accounting CPE Course provides an overview of the difference between GAAP and IFRS accounting, reporting, and disclosure requirements related to Revenue Recognition & Business Combination.
This Online Continuing Professional Education Course includes following key topics:
- U.S. GAAP vs. IFRS – Overall Differences & Similarities
- Revenue Recognition – Key Principles
- Interim Disclosures
- Impairment Reversal of Capitalized Contract Costs
- Intellectual Property Licensing
- Business Combinations Overview
- Acquisition of Contingencies
- Contingent Consideration
- Measurement Period Adjustments
Learning Objectives
- To recognize the applicable U.S. GAAP and IFRS standard with respect to revenue recognition
- To identify some of the key differences between ASC Topic 606 and IFRS 15
- To identify key steps in the acquisition method for business combinations
- To identify key steps involved in the revenue recognition model
- To discuss the area of difference in case of Intellectual Property Licensing
- To recognize the applicable U.S. GAAP and IFRS standard with respect to business combinations
- To discuss the area of difference in case of Interim Disclosures
- To identify some of the key differences between ASC Topic 805 and IFRS 3
- To identify general disclosure requirements