IFRS Basics with US GAAP Comparison 2015

IFRS Basics with US GAAP Comparison 2015 is a workshop that provides an overview of the major technical issues involved in IFRS.

Key Topics

• Content of IFRS Financial Statements
  • Statements of cash flows (IAS 7)
  • Presentation of financial statements (IAS 1)
  • Events after the reporting period (IAS 10)
  • Accounting policies, changes in accounting estimates and errors (IAS 8)
  • Discontinued operations (IFRS 5)
  • Operating segments (IFRS 8)
  • Interim financial reporting (IAS 34)
• Introduction to IFRSs
• Liabilities
  • Provisions, contingent liabilities and contingent assets (IAS 37)
  • Employee benefits (IAS 19)
  • Share-based payment (IFRS 2)
• Assets
  • Property, plant and equipment (IAS 16)
  • Inventories (IAS 2)
  • Leases (IAS 17)
  • Borrowing costs (IAS 23)
  • Investment property (IAS 40)
  • Intangible assets (IAS 38)
  • Non-current assets held for sale (IFRS 5)
  • Impairment of assets (IAS 36)
• Revenue Recognition
  • Revenue (IAS 18, IAS 11 and , IFRS 15)
• Financial Instruments
  • Financial instruments: disclosures (IFRS 7)
  • Financial assets and liabilities (IAS 32, IAS 39 and IFRS 9)
• Transitioning to IFRSs
  • First-time adoption of IFRSs (IFRS 1)
• Business Combinations, Consolidations, Associates and Joint Arrangements
  • Consolidated financial statements (IFRS 10)
  • Business combinations (IFRS 3)
  • Joint arrangements (IFRS 11)
  • Investments in associates and joint ventures (IAS 28)
  • Disclosure of interests in other entities (IFRS 12)
• Expected Future Developments
  • Other IASB projects and the work plan
  • Update on the IASB-FASB convergence projects, including lease accounting
• IFRS / US GAAP Differences
  • Financial statement presentation
  • Conceptual Framework
  • Inventory methods and valuation
  • Revenue and expense recognition
  • Assets held for sale and discontinued operations
  • Tangible and intangible assets
  • Liabilities
  • Impairment testing
  • Financial instruments
  • Employee benefits
  • Other significant differences

Who should Attend

Financial executives,industry controllers, executive officers, auditors, accountants and finance professionals who are interested in learning about IFRS.