CPD

Reporting under USGAAP - with Comparison to IFRS

Presenter: David Potts
12 October 2010
Time: 9.15 - 4.45 (includes lunch)
NEW Location: British Dental Association, 64 Wimpole Street, London W1G 8YS

CPD: 6 hours

Objective: 

Many businesses throughout the EU and the rest of the world continue to report their financial results using USGAAP. Often their primary reporting systems and ledgers are based on USGAAP; local reporting obligations under UKGAAP or IFRS are often conducted off-line and sometimes as almost an afterthought. 

This course is designed to help accountants to meet their USGGAP reporting obligations with confidence. 

Content: 

• Regulatory background 
  • What constitutes USGAAP - the role of the SEC and FASB 
  • SEC filing obligations and the private company regime 
  • Application of IFRS in the USA 
  • Future plans and developments 
     
• Presentation issues 
  • Primary statements required - form and content 
  • Accounting changes and correction of errors 
  • Related party transactions and directors disclosures 
  • Segmental reporting and other narrative information 
     
• Key differences between IFRS and USGAAP 
  • Tangible non-current assets 
  • Pension and other employment costs 
  • Revenue recognition 
  • Provisions, liabilities and contingencies 
  • Research and development costs and the treatment of intangible such as software 
  • Long term contract accounting 
  • Summary of other areas of divergence 
     
• The latest guidance on revenue recognition 
  • The milestone method 
  • The latest joint proposals with the IASB 
  • A summary of current advice relating to software revenues
     
• Consolidations – implementing the guidance revised in 2008
  • Falls in ownership interests in subsidiaries
  • The very latest thinking on reporting variable interest entities
      
•  IFRS – update on US adoption
  • Current thinking of the SEC, will IFRS ever be universal
  • What about the IFRS for SMEs 

FEE: £290 plus VAT or 4 ‘Block Places’ (from £216 plus VAT) inc. lunch

For further details:

• Email info@pass.co.uk

• Telephone: 0845 330 2772

• Fax: 0845 450 0545

To book on this course please complete the form below, and an invoice will be sent to you for payment.

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