IFRS and GAAP Essentials

Course Overview:

This course provides a comprehensive introduction to the International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP). Designed to help learners understand the core principles, similarities, and key differences between IFRS and US GAAP, the course blends theory with practical applications. Whether you’re preparing for global finance roles or brushing up for audits, this course will sharpen your understanding of financial reporting frameworks.

Key Features:

• Updated for the latest IFRS and GAAP standards
• Real-world case studies and industry examples
• Comparison modules with visual aids and summaries
• Downloadable templates and accounting tools
• Certificate of Completion
• Self-paced learning with lifetime access
• Mobile & tablet-friendly platform
  

Learning Outcomes:

By the end of this course, you will be able to:

• Understand the fundamental principles of IFRS and US GAAP
• Identify key differences and convergence efforts between both frameworks
• Interpret financial statements prepared under either standard
• Apply recognition, measurement, and disclosure rules effectively
• Prepare for international audits or reporting obligations
• Make informed decisions in multi-national finance environments
  

Who Should Take This Course:

• Accounting & Finance Students
• Junior to Mid-Level Accountants
• Financial Analysts and Auditors
• CFOs and Finance Managers handling cross-border reporting
• Professionals preparing for CPA, ACCA, or IFRS Certifications
• Anyone transitioning from GAAP to IFRS (or vice versa)
  

Assessment:

• End-of-module quizzes
• Practical case-based assignments
• Final comprehensive test (MCQs and scenario-based questions)
• Minimum passing score: 70% for certificate eligibility
  

Requirements:

• Basic knowledge of accounting principles
• Familiarity with financial statements (Income Statement, Balance Sheet, Cash Flow)
• A laptop or device with internet access
• No prior IFRS or GAAP experience required
  

FAQs:

Q1: Do I need prior accounting experience?
A: Basic knowledge of accounting is helpful, but the course explains foundational concepts too.

Q2: Is the course useful for CPA or ACCA prep?
A: Yes, this course supports your preparation with clear IFRS-GAAP comparison content.

Q3: Will I get a certificate?
A: Yes, upon successful completion of assessments.

Q4: Is the course updated for current standards?
A: Absolutely. Content is reviewed quarterly for updates.

Q5: Can I access the course materials offline?
A: You can download handouts, but videos require internet access.

Bonus Section (Optional):

Additional Resources:

• IFRS & GAAP Quick Reference Sheets
• Glossary of Key Terms
• External Links to IASB, FASB, and Accounting Tools