IFRS vs. GAAP: Comparing and Contrasting Financial Statement Requirements
Identifying Key Balance Sheet, Income Statement, and Disclosure Differences
A live 110-minute CPE video webinar with interactive Q&A
This course will compare and contrast significant reporting differences in financial statements issued using generally accepted accounting principles (GAAP) versus International Financial Reporting Standards (IFRS) for accountants preparing financial statements under either or both standards.
- Converting from U.S. GAAP to IFRS and vice versa
- Critical differences in the balance sheet accounts
- Key differences in the income statement accounts
- Specific transaction-related differences
- Unique reporting and disclosure considerations
The panel will review these and other key issues:
- Specific countries adopting and not adopting IFRS
- Differences between IFRS and GAAP reporting of combinations and mergers
- A comparison of reporting hedge and derivatives under IFRS vs. GAAP
- First-time IFRS adoption requirements under IFRS 1
- Reporting intangible assets under IFRS
Ms. Endy has over 20 years of experience in accounting, auditing, and financial reporting. She assists clients with... | Read More
Ms. Endy has over 20 years of experience in accounting, auditing, and financial reporting. She assists clients with documentation surrounding technical areas, including revenue recognition, leases, foreign currency, stock-based compensation, business combinations and complex financial transactions. Ms. Endy also provides client support surrounding accounting policies and procedures, account reconciliations, preparation of financial statements and SEC filings, budgeting and forecasting, and internal controls.Close
Mr. Ortego serves as a managing director for BDO’s Accounting & Reporting Advisory Services group... | Read More
Mr. Ortego serves as a managing director for BDO’s Accounting & Reporting Advisory Services group (“ARAS”). As a member of BDO’s ARAS group, he focuses on assisting companies with matters related to technical accounting and financial reporting under U.S. GAAP, IFRS, and other bases of accounting. Mr. Ortego has over 14 years of technical accounting and financial reporting experience. His experience in accounting and financial reporting matters includes, among other topics, the implementation of ASC 842/IFRS 16, Leases, and ASC 606/IFRS 15, Revenue from Contracts with Customers, IFRS conversions, preparation of financial statements and other Securities and Exchange Commission filings, systems ERP conversions, accounting for business combinations, long-lived asset impairment analysis, debt modifications and consolidation. In addition, Mr. Ortego has extensive experience in the performance of both private and public company audits.Close
Early Discount (through 02/04/22)
CPE credit processing is available for an additional fee of $39.
CPE processing must be ordered prior to the event. See NASBA details.