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Jennifer Louis, CPA, President of Emergent Solutions Group LLC
Jennifer has over 25 years of experience in designing and instructing high-quality training programs in a wide variety of technical and soft skills topics needed for professional and organization.
This instructor has 82 courses »To Access This Course:
Whether a financial statement preparer or user is more familiar with IFRS or U.S. GAAP, it is important to be familiar with the important differences between the two financial reporting frameworks. This course highlights some of the more significant differences between the standards.
Learning Objectives
- Explore major differences in the design and structure of IFRS vs. U.S. GAAP.
- Discover significant differences in financial statement presentation and disclosure principles, including:
- Periods required to be reported
- Interim financial reporting
- Debt classification, and more
- Recognize significant differences in initial recognition and subsequent measurement standards, including:
- Consolidation
- Equity method investments
- Business combinations
- Financial instruments
- Inventory
- Leases
- Revenue recognition
- Share-based payments
- Income taxes
- Employee benefits
- Provision for contingencies, and more
Last updated/reviewed: May 10, 2022
Included In Certifications
This course is included in the following Certification Programs:
17 CoursesIFRS Certificate Program
- General Considerations for Preparing Financial Statements in Accordance with IFRS
- IFRS vs. U.S. GAAP - Major Differences in Accounting
- 2022 IFRS Update
- IFRS for Small and Medium-Sized Entities Compared to Full IFRS
- Accounting for Revenue from Contracts with Customers per IFRS 15
- Accounting for Leases under IFRS 16
- IFRS - Accounting for Share-Based Payment Awards per IFRS 2
- Accounting for Financial Instruments under IFRS 9
- Accounting for Nonfinancial Assets under IFRS
- Accounting for Business Combinations under IFRS 3
- IFRS - Accounting for Employee Benefits per IAS 19 and IFRIC 14
- Accounting for Investments in Other Entities, Including Consolidation, under IFRS
- IFRS - Accounting for Income Taxes per IAS 12
- IFRS - Derivatives and Hedge Accounting under IFRS 9
- IFRS - Special Accounting Topics
- IFRS - Special Financial Reporting Issues
- IFRS - General Financial Statement Disclosures
25 Reviews (90 ratings)Reviews
Anonymous
(Corporate Controller)
The presentation was hard to follow sometimes because it is very static and generalized that its was hard to understand what the differences are between these two set of guidance. It would be helpful if there were some examples to visually demonstrate how they differ rather than relying on the generic definitions provided by these two accounting bodies
Michelle Royce
(Contoller at DCNdx)
A well-organized course that is broken down into discreet segments which are easy to understand. The slides are helpful and assist in understanding. Presenter is well spoken and easy to understand. I enjoyed being able to click on one section at a time, easy to fit into life.
Anonymous
(Project Manager)
This course provides a great highlevel overview of the differences between IFRS and GAAP. This is not all encompassing, but it points out the main differences, and is a great introductory course about the foundations of IFRS and GAAP.
Cheryl Witt
(Vice President at Deutsche Bank Securities Inc)
A good overview, but presumes knowledge of consolidation accounting, lease accounting, intangible assets, so a brush up course in GAAP would be helpful first before taking this course to give it more meaning.
Chris Hole
(Director of Internal Audit at Roseburg Forest Products)
A fairly broad but concise presentation of differences between GAAP and IFRS. This is fairly high level material which the average corporate accountant or auditor probably has little exposure to.
Anonymous
(Finance Director)
This course is the perfect length, scope and amount of detail. It is understandable and leaves the viewer understanding the basics and more regarding the differences between IFRS and US GAAP.
Anonymous
(CFO)
Very high level overview. Seemed like a lot of uncommon topics were discussed. Some examples of financial statements would have been nice and probably easier to follow.
Daiane Cavalcante
(Jr Manager Accountant at Hookipa Pharma Inc)
Course was very good and easy to follow. Despite IFRS and USGAAP have different accounting treatments, they also have many similarities which makes it easier to follow.
Anonymous
(Senior Accountant, Payroll)
This instructor is easy to listen to in terms of balancing their tone so that it is not dry but nor is it overwhelming. Good material covered. Thanks!
Monica Berdejo
(Controller at ICI Development)
Great overview of main differences between IFRS and US GAAP. This is not intended to be an in depth review but it gives a great intro to the concepts.
Anonymous
(Technical Accounting Manager)
This course was ok. I wish it skipped some of the consolidation and employee benefit topics as those are not relevant to all companies.
Anonymous
()
Informative course that can be used and referenced in the future. it was helpful to see the differences in the two types of reporting.
Anonymous
(Consultant)
Good basic description of differences for a preliminary understanding. Quiz follows slides easily for reference, much appreciated.
Anonymous
(-)
This course provides an excellent foundation for understanding the major differences in these accounting frameworks.
Debra Lindquist
(controller at SafeRide Health)
This course contained a lot of information. Perhaps more charts instead of bullet points would have been helpful.
Sheree Clarke
(Auditor at Moore Belize)
Great course- Goes in depth and in detail differentiating the differences between the two reporting standards.
Anonymous
(Senior Manager)
Overall the course was very informative. I was distracted in the later sections by the microphone bumping.
Anonymous
()
Jennifer speaks very clearly, which makes it easier to understand. This course covered a lot of ground.
Sualeha Khan
(Consultant at DLC Group)
Love the presentor but would like more practical examples as there is a lot of material covered here.
Anonymous
(Senior Accountant)
It was a good review of major differences between the two principles. More examples would be helpful.
Anonymous
()
It is a high level overview but was pretty comprehensive for the time allotted.
Anonymous
(Accounting Manager)
Thorough course on the differences between GAAP and IFRS. Good overall course.
Anonymous
(Audit Manager)
It was a good high level review of major difference. Informative course.
Anonymous
()
Instructor provided easy to follow comparisons between IFRS vs GAAP.
Anonymous
(Accounting Manager)
I enjoyed the course very much and found it to be informative.
Prerequisites
Course Complexity: Intermediate
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .