International Versus U.S. Accounting: What in the World is the Difference?

Choose the format that best meets your self-study/on-site group study needs

The IASB and FASB are continuing to work hard to bring financial reporting standards more in line with one another. In addition, the SEC continues to express its support of convergence, and has reiterated their promise to decide in 2011 whether to move forward with the adjusted roadmap (for convergence), or come up with another plan supporting convergence.  Whichever they choose, it is clear that they’re going to continue to march forward.

• Recognize the significant differences and similarities between U.S. GAAP and IFRS
• Analyze financial statements prepared in accordance with IFRS
• Standardize reporting in an international environment

Prerequisite: None

In this 120-min video, Rama Ramamurthy, CPA, Clinical Professor of Accounting at the College of William and Mary, discusses IFRS issues with Maryse M. Graham, CPA, Manager -Corporate Financial Reporting, Eli Lilly and Company; Renee Mikalopas-Cassidy, CPA, consultant and Vice Chair of the International Accounting and Auditing Committee of the New York State Society of CPAs; Paul Munter, CPA, Audit Partner with KPMG LLP and lead partner and practice leader for U.S. firm’s IFRS activities, and George I. Victor, CPA, Director of Quality Control of Gaimbalvo, Giammarese & Stalzer, CPAs, PC and member of the International Accounting and Auditing Committee of the New York State Society of CPAs.

*The DVD disk contains the video presentation.  A CD contains a viewable copy of the Manual.
**The Additional Manual is for group study training only.  Unlike other formats, it cannot be used to earn self-study credit.