KPMG Executive Education

IFRS - Practical Application and Comparison to U.s. GAAP

Available dates

This course has no confirmed dates in the future. Subscribe to be notified when it is offered.

About the course

This intensive, three-day course is designed for financial executives of U.S. subsidiaries of foreign companies or U.S. companies accessing foreign capital markets, those with international investors.

The course content provides in-depth, practical knowledge about the preparation of financial statements in compliance with International Financial Reporting Standards (IFRS), key differences between U.S. GAAP and IFRS, and a variety of challenges involving transitioning to and adopting IFRS. Participants are also provided an overview in regards to the impact on non-accounting areas, such as systems, processes and controls. In addition, this course covers the new IFRS standards for revenue recognition, financial instruments, and leasing and compares them respectively with the related U.S. GAAP requirements.

Agenda

  • General IFRS
  • IFRS Framework
  • IFRS in the United States
  • Financial Instruments
  • Share-Based Payments
  • Derivatives and Hedge Accounting
  • Pensions and Postretirement Benefits
  • Income Taxes
  • Derecognition/Transfers of Financial Instruments
  • Intangible Assets
  • Property, Plant, and Equipment & Discontinued Operations
  • Revenue Recognition
  • Provisions, Contingent Liabilities, and Contingent Assets
  • Leases
  • Debt vs. Equity Classification
  • Inventory
  • Investment Property
  • Consolidation, Equity Method Investees, Joint Ventures
  • Impairment of Long-Lived Assets
  • Business Combinations and Noncontrolling Interests
  • Subsequent Events/Events after the Reporting Period
  • IFRS 1
  • Financial Instrument Disclosures
  • Presentation of Financial Statements
  • Statement of Cash Flows
  • Conversion to IFRS

Course reviews

IFRS - Practical Application and Comparison to U.S. GAAP

Downloadable files