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Convergence: Changes Coming to US GAAP
Start Date (Local)
10/16/2012 12:00:00 PM Eastern (EST/EDT)
10/16/2012 3:30:00 PM Eastern (EST/EDT)
Field of Study
Accounting -- 4 Credits
In the next twelve months, accounting in the United States will change forever. While most financial professionals are aware of International Financial Reporting Standards'(IFRS) impact on public companies, many are not sensitive to the potential changes resulting from FASB's convergence project and the affect of proposed accounting standards for non-public companies.This course focuses on convergence and private company accounting. Whether or not, IFRS becomes the basis for U.S. accounting standards, the convergence and private company accounting will impact activities well beyond financial reporting. Awareness of IFRS adoption efforts by the SEC is one thing; understanding how FASB's convergence project and private company reporting can affect your company is a totally different issue. You cannot afford to miss this critical, entertaining and interactive course.
Knowledge of basic accounting
To understand how convergence with IFRS will affect private company accounting.