IFRS Training

For anyone who is a professional accountant, staying up-to-date with International Financial Reporting Standards (IFRS) is vital. In the United States and Canada, accounting standards are dictated by Generally Accepted Accounting Principles (GAAP), but the SEC wants all U.S. business to convert to IFRS by 2016 at the latest. Ignoring the inevitable change is unwise, and the sooner professional accountants acquaint themselves with the subtle differences between GAAP and IFRS the better. These two accounting systems take different approaches when dealing with fixed assets and impairments to give two general examples. Furthermore, IFRS allows impairment reversals, whereas GAAP does not. Although this does not give the full extent to the differences, getting proper IFRS training will shine a lot of light on what is to be expected in the future of accounting. More info: IFRS Training

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