
Explore the basics of IFRS and how it contrasts with GAAP, with case studies and practical policies for dual reporting and smooth implementation.
Chris Benjamin introduces himself as an MBA-level CFO with startup and growth experience, highlighting IFRS knowledge, financial reporting, and online teaching of policy, funding, and forecasting.
Explore the Udemy review and feedback system, which prompts you to rate the course with stars and leave feedback now, later, or at the end, helping the instructor improve content.
Master Excel basics for formatting, totals, and charts, using shortcuts, three formula methods, and quick chart creation to present professional financial reports.
Explore the global adoption of IFRS and compare it with US GAAP, then preview six key topics, including accrued expenses, inventory, income taxes, impairment, depreciation, and leases.
Disclose in detail the nature and changes of each accrued expense under IFRS, using payroll accruals as an example.
Learn how IFRS values inventories at the lower of cost and net realizable value, bans LIFO, and covers goods in transit, FOB terms, consigned goods, and cash-based profit recognition.
Compare IFRS and GAAP income taxes, including domestic and foreign taxes, withholding taxes on distributions, the liability method for deferred taxes, and reporting implications for goodwill and acquisitions.
Assess impairment indicators for long-lived assets, including goodwill and indefinite-life intangibles, under IFRS. Apply one-step impairment tests when indicators exist, by comparing the CGU carrying value to the recoverable amount.
Under IFRS, review useful life and residual value annually and select a depreciation method. Revalued assets affect the entire class, with increases credited to the revaluation surplus in equity.
Explore how IFRS classifies leases as finance (capital) or operating by transfer of risks and rewards, covering lessee and lessor accounting and borderline cases.
Research IFRS vs GAAP differences online and apply them to your company, assess impact, and consult experts, peers, and AICPA resources to stay ahead.
Explore the overall impact of IFRS on financial statements, including comparability with US GAAP, merging and translating company data, and the need for an action plan to apply IFRS knowledge.
Explore three case studies of companies navigating IFRS and U.S. GAAP, including Taiwan adoption and Canada-U.S. cross-border reporting, highlighting the costs of dual financials.
Explore how IFRS functions as a global, principle-based framework, contrasting with US GAAP's rule-based approach, and identify the key areas it impacts.
Explore 2023 entrepreneur trends, from accelerated digital transformation with AI, VR, AR, and IoT, to inflation, supply chain security, sustainability, immersive customer experience, talent challenges, and globalization.
Are You An Accounting Student?
Are You Currently Working In Accounting or Finance For A Company With Offices Outside the US?
Do You Expect Your Company To Grow One Day Internationally?
Do You Want To Learn How Most of The World Operates For Accounting?
If You Answered "Yes" To Any Of The Above, Look No Further. This Is The Course For You!
*** Updated with new content! ***
Enroll today and join the 100,000+ successful students I have taught as a Top Rated Udemy instructor!
Three reasons to TAKE THIS COURSE right now:
You get lifetime access to lectures, including all new lectures, assignments, quizzes and downloads
You can ask me questions and see me respond to every single one of them thoroughly!
You will are being taught by a professional with a proven track record of success!
Bonus Reason: Udemy has a 30 day 100% refund policy - no questions asked and no risk for you if for some reason you don't learn from the course!
Recent Review:
John R. says "I had no idea what IFRS entailed until I took this course. Turns out its not as overwhelming as I expected. Instructor does a great job identifying the areas it differs from GAAP, explaining how to handle the differences, and provides great insight into how to create a plan to report under IFRS if you work internationally or if in the future the US switches to IFRS. Really glad I took the course!"
Become an International Financial Reporting Standards accounting pro with this course!
In this course you will learn the major differences between US GAAP and International Financial Reporting Standards IFRS. As well we will put together an action plan for you to follow to determine which IFRS rules apply to your company and how to best adopt them. We will also look at 3 case studies and how IFRS impacted the companies involved. Lastly we'll go over some FAQs when it comes to IFRS. By the end of this course you will be well versed in IRFS & GAAP.
What We Do In The Course:
Learn the major differences between IFRS and GAAP
Learn how IFRS applies to:
Accrued Expenses
Inventory
Income Taxes
Impairment of Long Lived Assets
Depreciation
Leases
Have a 10 point Action Plan to adopt IFRS
View 3 case studies on companies who adopted IFRS
And Much More!!!
At any point if you have a question, please feel free to ask through the course forum, I'd be happy to answer any and all questions.
***CLICK "BUY NOW" AND LEARN ALL ABOUT IFRS INTERNATIONAL FINANCIAL REPORTING STANDARDS! ***
About The Instructor
Chris Benjamin, MBA & CFO is a seasoned professional with over 25 years experience in accounting, finance, GAAP and International Financial Reporting Standards IFRS. Having spent the first 10 years of my career in corporate settings with both large and small companies, I learned a lot about the accounting process, managing accounting departments, financial reporting, external reporting to board of directors and the Securities and Exchange Commission, and working with external auditors.
The following 10+ years I decided to go into CFO Consulting, working with growing companies and bringing CFO level experience to companies. I help implement proper best business practices in accounting and finance, consult on implementation of accounting systems, implementing accounting procedures, while also still fulfilling the CFO roll for many of my clients which includes financial reporting, auditing, working with investors, financial analysis and much more.
Thank you for signing up for this course on Udemy. I look forward to being your instructor for this course and many more!
Chris Benjamin, Instructor, CFO & MBA