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Today’s conferences, Not-For-Profit and Emerging Leaders Workshop, will be held as scheduled. Meydenbauer Center has power. If you’re unable to attend, please reach out to memberservices@wscpa.org. Please note that due to power outages, responses may be delayed.

U.S. GAAP vs. IFRS - Rev Rec and Business Combinations ON DEMAND

Available Until

Your Desk

2.0 Credits

Member Price $58.00

Non-Member Price $67.00

Overview

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.

Highlights

U.S. GAAP vs. IFRS. Revenue recognition and business combinations. Business combinations similarities. Business combinations differences.

Prerequisites

None.

Designed For

CPAs and other business and finance professionals.

Objectives

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. 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.

Preparation

None.

Notice

None.

Leader(s):

Leader Bios

Kelen Camehl, Western CPE

Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen has also remained involved in CPA exam content development for nearly 10 years and has authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”.

Kelen has over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX. Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.

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Non-Member Price $67.00

Member Price $58.00

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