Preparing for IFRS: What does an IFRS world look like?
An increasing number of foreign nations are adopting or modeling their accounting standards on International Financial Reporting Standards, or IFRS. Using principles-based standards, IFRS employs a greater focus on fair values, core concepts and disclosure than national accounting standards used in the United States. Though the U.S. has not adopted IFRS, understanding IFRS is vital for U.S. companies, which operate in growing global markets - especially as it begins to affect U.S. GAAP standards.
In preparation for those changes, presenter John Hughes introduces participants to the benefits and challenges of IFRS through real and fictional case studies that illustrate IFRS principles-based standards. In turn, participants will better be able to transition their companies to the growing influence and impact of IFRS.
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- Understanding IFRS and its impact on U.S. GAAP standards
- Explore the benefits and challenges of IFRS
- Review IFRS principles-based standards/li>
Who Should Attend:
All Moore Stephens CPAs and CAs, working with clients who include:
- Public companies, especially multinationals
- Large private companies in the Western Hemisphere
- U.S. or Canadian-based subsidiaries of foreign parent corporations who have adopted IFRS
- U.S. or Canadian-based parent companies with international subsidiaries that have adopted IFRS
- Anyone who serves international or public companies with accounting, audit, or financial advisory service
Instructor: John Hughes, CA, Director of Accounting Standards at MSCM, LLP (a Moore Stephens firm)
Instructional Method: Group-Internet
NASBA Field of Study: Taxes
Program Prerequisites: None
Advance Preparation: None