Financial institutions have unique and sometimes complex transactions that follow special accounting rules. This seminar is intended for participants with a fundamental understanding of accounting and reporting for these industry-specific transactions under IFRS and/or U.S. GAAP. This course addresses recent changes to the accounting and reporting requirements for financial institutions and also digs into some of the more complicated transactions, emphasizing current practice issues as noted by the IASB, IFRIC, FASB and SEC. In all areas covered, comparisons will be discussed between IFRS and U.S. GAAP.

This seminar is intended for participants who desire a fundamental understanding of accounting and reporting for these industry-specific transactions under both IFRS and U.S. GAAP. Although both IFRS and U.S. GAAP have moved more in-line in recent years, significant differences still remain.

Insurance and reinsurance companies must follow industry-specific guidance to ensure compliance with U.S. GAAP and also IFRS under IFRS 4. This seminar is intended for individuals with responsibility for accounting for financial statements of insurance and reinsurance companies prepared in accordance with U.S. GAAP or IFRS.

Investment companies, such as funds and private equity companies, must follow industry-specific guidance to ensure compliance with U.S. GAAP. This seminar is intended for managers and partners with responsibility for auditing financial statements of investment companies prepared in accordance with U.S. GAAP and/or IFRS. With relatively little guidance for these companies under IFRS there is substantial judgement in its application which could lead to significant GAAP differences.

Although U.S. GAAP and IFRS have converged in recent years and this convergence is expected to continue, significant differences between the two GAAPs still remain. As such, this course is a must for the international accountant. This two-day workshop is for persons who have an intermediate knowledge of either U.S. GAAP or IFRS and would like to have an overview of the significant differences between the two standards and an understanding of how the convergence project will impact financial reporting in the future.