IBF-503 U.S. and International Accounting

This course advances students' understanding of accounting principles employed under the U.S. generally accepted accounting principles (GAAP) and the International Financial Reporting Standards (IFRS). Students will master the organization and content of financial statements that are prepared using both U.S. GAAP and IFRS. This course will examine the key differences between U.S. GAAP and IFRS regarding fair value measurements, accounting for stock options, comprehensive income, revenue recognition, income tax, and accounting for derivatives and financial instruments. In addition, the course presents detailed discussions and information regarding the presentation of financial statements in both U.S. GAAP and IFRS, along with examination of the conceptual framework for the U.S. Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB)..

Credits: 3

Offered in Sep 2020, Nov 2020, Mar 2021, Apr 2021, May 2021

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