This programme is designed to provide an overview of the key differences between the FRS and US GAAP. Participants will gain valuable insights into how varying accounting rules and regulations impact the financial statements of companies. Additionally, this programme will also explore and provide insights into recent pronouncements and pending projects that will influence the convergence or divergence of these accounting standards.
Programme Outline
- Overview of IFRS and US GAAP
- IASB, IFRIC and their pronouncements
- FASB, EITF, AICPA, SEC and their pronouncements
- Principle-based vs rule-based
- Financial Statement Presentation
- Statement of Comprehensive Income
- Statement of Financial Position
- Statement of Cash Flows
- Statement of Changes in Equity
- Key differences in IFRS and US GAAP recognition and measurement including:
- Inventory
- Property, Plant and Equipment
- Investment Property
- Lease Accounting
- Intangible Assets
- Impairment of Assets
- Discontinued Operations
- Income Taxes
- Share-Based Payments
- Borrowing Costs
- Business Combinations
- Consolidation
- Provisions, Contingent Liabilities, and Contingent Assets
- Revenue Recognition
- Financial Instruments
- Hedge Accounting
- Recent pronouncements and pending projects and their impact on divergence including:
- Cryptocurrency
- Management Reporting Measures
- Measurement of Equity Securities
Pre-requisites
Please take note of the following admission requirements:
- Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
- Mandatory for video camera to be turned on throughout the course
Display your official name (as per NRIC) in Zoom, to facilitate attendance taking
Training Methodology
Online Lecture, with Exercises and Illustrated Examples
Closing Date for Registration
1 week before programme or until full enrolment
Intended For
An Intermediate Level programme intended for Chief Financial Officers, Financial Controllers, Finance Managers, Auditors, Accountants and those involved in the preparation and interpretation of financial statements. This course will also be beneficial for users of financial statements, and individuals who want to understand key differences between FRS and US GAAP.
Schedule & Fees
Testimonial
Funding
No funding Available!
Programme Facilitator(s)
This programme is designed to provide an overview of the key differences between the FRS and US GAAP. Participants will gain valuable insights into how varying accounting rules and regulations impact the financial statements of companies. Additionally, this programme will also explore and provide insights into recent pronouncements and pending projects that will influence the convergence or divergence of these accounting standards.
Programme Outline
- Overview of IFRS and US GAAP
- IASB, IFRIC and their pronouncements
- FASB, EITF, AICPA, SEC and their pronouncements
- Principle-based vs rule-based
- Financial Statement Presentation
- Statement of Comprehensive Income
- Statement of Financial Position
- Statement of Cash Flows
- Statement of Changes in Equity
- Key differences in IFRS and US GAAP recognition and measurement including:
- Inventory
- Property, Plant and Equipment
- Investment Property
- Lease Accounting
- Intangible Assets
- Impairment of Assets
- Discontinued Operations
- Income Taxes
- Share-Based Payments
- Borrowing Costs
- Business Combinations
- Consolidation
- Provisions, Contingent Liabilities, and Contingent Assets
- Revenue Recognition
- Financial Instruments
- Hedge Accounting
- Recent pronouncements and pending projects and their impact on divergence including:
- Cryptocurrency
- Management Reporting Measures
- Measurement of Equity Securities
Pre-requisites
Please take note of the following admission requirements:
- Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
- Mandatory for video camera to be turned on throughout the course
Display your official name (as per NRIC) in Zoom, to facilitate attendance taking
Training Methodology
Online Lecture, with Exercises and Illustrated Examples
Closing Date for Registration
1 week before programme or until full enrolment
Intended For
An Intermediate Level programme intended for Chief Financial Officers, Financial Controllers, Finance Managers, Auditors, Accountants and those involved in the preparation and interpretation of financial statements. This course will also be beneficial for users of financial statements, and individuals who want to understand key differences between FRS and US GAAP.
Programme Facilitator(s)
