This course provides an overview of the similarities and key differences between the revenue recognition and business combination standards issued by the FASB and the IASB. While these standards are similar in many material respects, there are notable differences that are good to understand. However, this course is not intended to provide an exhaustive discussion of these differences.
Course Publication Date:
February 09, 2022
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or can be purchased for
$20.00!
| Author: | Kelen Camehl |
| Course No: | ACT-GAAPIFRS-8282 |
| Recommended CPE: | 2.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Overview |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Accounting
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Learning Objectives
- List the key steps in the revenue recognition model.
- Recognize the applicable U.S. GAAP and IFRS standard with respect to revenue recognition.
- Identify some of the key differences between ASC Topic 606 and IFRS 15.
- List the key steps in the acquisition method for business combinations.
- Recognize the applicable U.S. GAAP and IFRS standard with respect to business combinations.
- Identify some of the key differences between ASC Topic 805 and IFRS 3.