Compete effectively in today’s global business environment
Progress toward a set of global accounting standards is no longer a goal of the International Accounting Standards Board (IASB)-it is a reality, as many of the world’s largest capital markets require or permit the use of International Financial Reporting Standards (IFRS). Over 125 countries require publicly traded companies to apply IFRS, while many other jurisdictions permit the use of IFRS in some circumstances.
Why is IFRS relevant in the U.S., and to your work?
Many multinationals corporations are headquartered across the U.S., so you could easily find yourself with a client subject to IFRS requirements, either for itself or a non-U.S. subsidiary. You might increasingly find yourself structuring deals and transactions with IFRS counterparties, including vendors and customers. Understanding the implications of structuring these transactions and reporting on them using IFRS will require you to have more than a passing knowledge of these standards. As both FASB and IASB continue their standard-setting agendas, you’ll need to assess proposals and be concerned about divergence that could affect your financial reporting or audit responsibilities going forward.
Insights Financial Review Services, Wiley, and the AICPA have come together in partnership to offer exclusive professional development courses designed to help you build the skills and knowledge for success in the ever- changing accounting industry. With Insights’ expert instructors, Wiley’s history of supporting learners for over 200 years, and AICPA’s record as the most influential body for finance and accounting professionals in the world, you will have all the tools and guidance you need to enhance your professional skillset—including Continuing Professional Education (CPE) credits and verified digital badges.
Why is IFRS standard important?
Accounting standards are a set of principles companies follow when they prepare and publish their financial statements, providing a standardized way of describing the company’s financial performance. Publicly accountable companies (those listed on public stock exchanges) and financial institutions are legally required to publish their financial reports in accordance with agreed accounting standards.
The IFRS Foundation mission is to develop IFRS Standards that bring transparency, accountability and efficiency to financial markets around the world. Our work serves the public interest by fostering trust, growth and long-term financial stability in the global economy.
- IFRS Standards bring transparency by enhancing the international comparability and quality of financial information, enabling investors and other market participants to make informed economic decisions.
- IFRS Standards strengthen accountability by reducing the information gap between the providers of capital and the people to whom they have entrusted their money. Our Standards provide information needed to hold management to account. As a source of globally comparable information, IFRS Standards are also of vital importance to regulators around the world.
- IFRS Standards contribute to economic efficiency by helping investors to identify opportunities and risks across the world, thusa improving capital allocation. Use of a single, trusted accounting language lowers the cost of capital and reduces international reporting
Who should attend?
- Accounting and finance professionals who work for private or public multinational organizations whose parent entity or subsidiaries have adopted IFRS.
Mode of delivery?
- Online Webinar/Self-study
Duration & Credits?
- 3, 6 or 12 months/.5 CPE Credits
Certificates & Digital Badge?
- Internationally recognized certificates in digital form will be issued to participants who have successfully completed the course and passed the exam at the end of the course.
- Participants will also receive a digital badge that can be easily shared with your professional network.