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.
Learning Objectives
- Explore and 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.
- Explore and 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.
Last updated/reviewed: March 25, 2024
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Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Kelen CamehlCPA, MBA