Webcast
IFRS vs. US GAAP – Major Accounting Differences
Compare the major differences between IFRS and U.S. GAAP in financial statement presentation, disclosure, recognition, and measurement. Identify how those differences affect reporting across key accounting areas, including business combinations, assets, leases, revenue, and income taxes.
$98.00
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Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction CPE Credits
2 Credits: Accounting
Course Level
Intermediate
Format
Webcast
Course Description
Differences between IFRS and U.S. GAAP can materially affect reported results, financial statement presentation, and comparisons across entities. Jennifer F. Louis, CPA, reviews the major differences in the two frameworks, with practical relevance for professionals reporting to foreign parent companies, consolidating international operations, evaluating acquisitions, or comparing financial performance.
IFRS vs. US GAAP – Major Accounting Differences is a CPE webcast covering presentation and disclosure requirements, consolidation, business combinations, financial instruments, inventory, long-lived assets, and leases. It also compares accounting for contingencies, revenue, share-based payments, employee benefits, and income taxes, emphasizing differences in recognition and measurement that can change financial reporting outcomes.
Learning Objectives
Upon completion of this course, participants will be able to:
- Distinguish the structure, scope, and compliance requirements of IFRS and U.S. GAAP.
- Identify differences in financial statement presentation and disclosure, including comparative periods, interim reporting, and debt classification.
- Compare consolidation models, equity method accounting, and business combination requirements under the two frameworks.
- Differentiate classification, measurement, and credit loss requirements for financial instruments.
- Recognize differences in inventory accounting, asset revaluation, impairment, and capitalization of development and borrowing costs.
- Identify differences in lease classification, recognition, measurement, and available accounting elections.
- Compare accounting requirements for contingencies, revenue recognition, share-based payments, and employee benefits.
- Distinguish the treatment of uncertain tax positions, deferred tax assets, and tax rates used to measure deferred taxes.
Course Specifics
WC1126493405
October 27, 2026
Basic knowledge of financial accounting and financial reporting
None
Compliance Information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Jennifer F. Louis, CPA has over 25 years experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003 she founded Emergent Solutions Group, which is dedicated to meeting organization’s professional training needs on a project or part-time basis. Jennifer serves a wide variety of clients, including public accounting firms, state CPA societies, private industry corporations, and public sector agencies.Previously Jennifer served as the Director of Audit Product Development at Surgent Professional Education for three years. Prior to that, Jennifer was Executive Vice President/Director of …
Webcast
