Earn a micro-credential and advance your knowledge of IFRS.
Progress toward a set of global accounting standards is no longer a goal of the International Accounting Standards Board (IASB)—it is a reality as many of the world’s largest capital markets require or permit the use of International Financial Reporting Standards (IFRS). But why is IFRS relevant in the U.S. and to your work?
- Many multinational corporations are headquartered across the U.S., so you could easily find yourself with a client subject to IFRS requirements, either for itself or for a non-U.S. subsidiary. You might increasingly find yourself structuring deals and transactions with IFRS counterparts, including vendors and customers.
- Understanding the implications of structuring these transactions and reporting on them
using IFRS will require you to have more than a passing knowledge of these standards.
As both FASB and IASB continue their standard-setting agendas, you need to learn to assess proposals and understand how divergence could affect your financial reporting or audit responsibilities going forward.