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Advanced Issues in IFRS & US-GAAP

Advanced Issues in IFRS & US-GAAP

by Taxsutra
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Dear Patrons,

The IFRS vs US GAAP refers to two accounting standards and principles adhered to by countries in the world in relation to financial reporting. The IFRS is a set of standards developed by the International Accounting Standards Board (IASB). The IFRS governs how companies around the world prepare their financial statements. On the other hand, the Generally Accepted Accounting Principles (GAAP) are created by the Financial Accounting Standards Board (FASB) to guide public companies in the United States when compiling their annual financial statements.

Against this backdrop, Taxsutra Neurons is delighted to present to you an exhaustive 30 Hours Master-Class Series on “Advanced Issues in IFRS & US-GAAP for Professionals” by Mr. Mohan Lavi (Chartered Accountant) [Starts March 5]. Over the course of this Master-Class Series, Mr. Lavi shall deep dive into advanced issues vis-à-vis IFRS & US-GAAP, highlights of which are as follows:

1.   IFRS 15 / ASC 606- Revenue from Contracts with Customers :

·Issues in identification of performance obligations

·What if a performance obligation is missed inadvertently?

·Performance obligation performed over a period of time- steps to ascertain

 

2.   IFRS 16 / ASC 842- Leases:

·Issues in identification of a Lease

·Costs that should be taken into account to calculate ROU Asset

·Accounting for changes in lease rates

 

3.   IFRS 3 / ASC 805- Business Combinations:

·Distinction between an asset purchase and a business combination

·Ascertaining acquisition date fair values

·Accounting for costs of business combinations

·Accounting for reverse acquisitions

4. Disclosures under Ind-AS/US GAAP

•      Are the disclosures too much?

•      Can confidential information be disclosed?

•      What cannot be disclosed?

5. Financial Instruments IFRS 9/IAS 32/ASC 825

•      Ascertaining the business model of the company

•      Classification of financial instruments as per the business model

•      Issues in Accounting for Compound financial instruments

Other Sessions will cover advanced issues relating to (vis-a-vis IFRS)  Assets, Discounting, Income Taxes, Impairment of Assets, Industry specific standards as per US-GAAP and their equivalent in IFRS etc.

Duration of Master-Class Series – Approx 30 Hours

Mode of Delivery - Live Master-Class Sessions (March 5,6,12,13) Pre-Recorded Sessions & Exclusive Online Session for Query Solving (April 9).

Click here to view the brochure entailing the detailed agenda

For Greentick Subscribers (subscription price of Rs. 7,500/login): Complimentary

For Non-Subscribers of Greentick Platform: Rs. 4,500 (Taxes Extra). .

Alternatively, you may email us at trainings@taxsutra.com to block your seat.

In case you are unable to attend any of the live sessions on the stipulated dates & time, you will get offline access to all video recordings of the Master-Class series for a specified time period.

Additionally, on completion of the entire Master-Class Series, participants shall be eligible to receive a "Certificate of Participation" from Taxsutra.

We look forward to interacting with you during the webinar!

Categories: Live Sessions, e-Learning
Publisher: Taxsutra
About Publisher:

Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.

Taxsutra suite of portals : 

1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com) 
2. Transfer Pricing Portal (www.tp.taxsutra.com)
3. GST and Central Indirect Taxes Portals (www.gstsutra.com - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law 
6.  Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)

Author: Taxsutra

Similar Books

Ratings and Reviews

Overall Rating
Review
About Webinar:

Dear Patrons,

The IFRS vs US GAAP refers to two accounting standards and principles adhered to by countries in the world in relation to financial reporting. The IFRS is a set of standards developed by the International Accounting Standards Board (IASB). The IFRS governs how companies around the world prepare their financial statements. On the other hand, the Generally Accepted Accounting Principles (GAAP) are created by the Financial Accounting Standards Board (FASB) to guide public companies in the United States when compiling their annual financial statements.

Against this backdrop, Taxsutra Neurons is delighted to present to you an exhaustive 30 Hours Master-Class Series on “Advanced Issues in IFRS & US-GAAP for Professionals” by Mr. Mohan Lavi (Chartered Accountant) [Starts March 5]. Over the course of this Master-Class Series, Mr. Lavi shall deep dive into advanced issues vis-à-vis IFRS & US-GAAP, highlights of which are as follows:

1.   IFRS 15 / ASC 606- Revenue from Contracts with Customers :

·Issues in identification of performance obligations

·What if a performance obligation is missed inadvertently?

·Performance obligation performed over a period of time- steps to ascertain

 

2.   IFRS 16 / ASC 842- Leases:

·Issues in identification of a Lease

·Costs that should be taken into account to calculate ROU Asset

·Accounting for changes in lease rates

 

3.   IFRS 3 / ASC 805- Business Combinations:

·Distinction between an asset purchase and a business combination

·Ascertaining acquisition date fair values

·Accounting for costs of business combinations

·Accounting for reverse acquisitions

4. Disclosures under Ind-AS/US GAAP

•      Are the disclosures too much?

•      Can confidential information be disclosed?

•      What cannot be disclosed?

5. Financial Instruments IFRS 9/IAS 32/ASC 825

•      Ascertaining the business model of the company

•      Classification of financial instruments as per the business model

•      Issues in Accounting for Compound financial instruments

Other Sessions will cover advanced issues relating to (vis-a-vis IFRS)  Assets, Discounting, Income Taxes, Impairment of Assets, Industry specific standards as per US-GAAP and their equivalent in IFRS etc.

Duration of Master-Class Series – Approx 30 Hours

Mode of Delivery - Live Master-Class Sessions (March 5,6,12,13) Pre-Recorded Sessions & Exclusive Online Session for Query Solving (April 9).

Click here to view the brochure entailing the detailed agenda

For Greentick Subscribers (subscription price of Rs. 7,500/login): Complimentary

For Non-Subscribers of Greentick Platform: Rs. 4,500 (Taxes Extra). .

Alternatively, you may email us at trainings@taxsutra.com to block your seat.

In case you are unable to attend any of the live sessions on the stipulated dates & time, you will get offline access to all video recordings of the Master-Class series for a specified time period.

Additionally, on completion of the entire Master-Class Series, participants shall be eligible to receive a "Certificate of Participation" from Taxsutra.

We look forward to interacting with you during the webinar!

Categories: Live Sessions, e-Learning
Publisher: Taxsutra
About Publisher:

Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.

Taxsutra suite of portals : 

1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com) 
2. Transfer Pricing Portal (www.tp.taxsutra.com)
3. GST and Central Indirect Taxes Portals (www.gstsutra.com - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law 
6.  Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)

Author: Taxsutra

Similar Books

Ratings and Reviews

Overall Rating
Review
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