IFRS In-Depth: Segment Reporting ON DEMAND

Overview

The growing acceptance of IFRS as a basis for U.S. financial reporting represents a fundamental change for the U.S. accounting profession. The IASB and the FASB have committed to the convergence of U.S. GAAP and IFRS and are working to eliminate as many differences between the two standards as possible. In addition, the Securities and Exchange Commission has endorsed the outright adoption of IFRS in the United States. Therefore, it is clear that IFRS represents the future of financial accounting and reporting in the United States. This course presents an overview of IFRS 8 Operating Segments, including a detailed discussion of the processes for identifying, aggregating and reporting operating segments in IFRS financial statements. The course also discusses the IASB’s and FASB’s efforts towards achieving convergence in segment reporting.

Highlights

Identifying operating segments. Identifying and aggregating reportable segments. Segment disclosures. Entity-wide disclosures. ASC 280 segment reporting. IFRS 8 and ASC 280.

Prerequisites

None.

Designed For

CPAs, CFOs, controllers, financial professionals, and auditors.

Objectives

Explain the process for identifying operating segments under IFRS 8. Identify reportable segments based on the guidelines and quantitative thresholds provided in IFRS 8. Describe the disclosure requirements of IFRS 8. Describe the similarities and differences between IFRS and U. S. GAAP in the area of segment reporting.

Preparation

None.

Notice

None.