IFRS and US GAAP: A Practical Guide
Who is it for?
Controllers and senior finance managers and non-financial managers responsible for European subsidiaries of US corporations.
What business issues will we address?
As IFRS becomes more widely accepted there is a need to address practicable differences between IFRS and US GAAP reporting requirements particularly for all U.S.-owned companies and operations. MCE provides in this workshop a practical, non-technical explanation of the major differences and their implications on financial reporting and decision making.
What will I be able to do after participating?
You will be better able to:
- Understand the basic legislative framework of the IFRS & US GAAP environments
- Understand and appreciate major differences in regards to revenue recognition and inventory valuation
- Recognise the differing terms and structures of financial reports
- Be aware of IFRS regulations on the discounting for time value of money on non-current liabilities
