《Comparison of IFRS , US GAAP & PRC GAAP》課程詳情
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Introduction:
If the world's capital markets could use a harmonized accounting framework, it will have to wait as there is much to do before this becomes reality. Under the circumstance of economic globalization and international accounting harmonization, International Financial Reporting Standards (IFRS), issued by International Accounting Standards Board (IASB), has being accepted rapidly worldwide, and nearly 40% of the Fortune 500 has already adopted IFRSs. On 15th Feb. 2006, China's Ministry of Finance announced new China's General Accepted Accounting Principles (PRC GAAP), while Securities and Exchange Commission (SEC) is also going for the application of IFRS in U.S. multinationals before 2011. Moreover, IASB plans extensive modification on IFRS in recent time, especially will focus on financial instruments accounting standards.
Accounting development in China mirrors changes in its environment, specifically, the historical environment, and has also affected its accounting standard setting in aspects of China's economic, political, and social evolution. The new accounting system is largely based upon International Accounting Standards and the accounting system has experienced great changes as this has been implemented.
This training aims to present a general overview of PRC GAAP, U.S. GAAP, and IFRS, and analyze the differences among the three via using the intensive study and rich experience refined from the training on thousands of large enterprises. Helping you feel the pulse of the financial markets, and always be in the forefront of the times.
▼President, General Manager, Senior Managers and Executives
▼Financial Director, Investment Director, Audit Director
▼Financial Managers, Accounting Managers, Tax Managers, Audit Managers
▼Staff from Finance, Internal Control, Investment and Audit Departments
▼Specialists from Accounting Firms and Financial Institutions
Topics Will be Covered:
▼The Nature of PRC GAAP's Modification
√Regulation orientation transfers to principle orientation
√Transition from historical cost measurement mode to fair value model
√PRC GAAP system
▼The Introduction of IFRS
√The establishment and development of IASB
√The content and features of IFRS
√Global application of IFRS
√The specific 37 items of IFRS
√The latest trends of IFRS
▼Overview of US GAAP
√The components of US GAAP
√Effect levels of US GAAP
√The growing tendency of US GAAP
▼Major Differences of the THREE
√Accounting year and statements disclosure deadline
√Account book and accounting record
√Languages
√Base currency
▼Comparison of Major Standards
√Inventory Standard
√Investment Real Estate
√Fixed Assets
√Intangible Assets
√Exchange of Non-monetary Assets
√Impairment of Assets
√Employee Compensation
√Revenue
√Borrowing Costs
√Income Tax
√Foreign Currency Translation
√Investment, Amalgamation, Consolidated Financial Statements
√Cash Flow Statement
√Related Party Disclosure
▼The Convergence of the THREE
Case Study
《Comparison of IFRS , US GAAP & PRC GAAP》課程目的
▼Helping enterprises standardize the Financial Statements preparation of different countries
▼Knowing the latest trends of accounting principles and its significance and impact
▼Further understanding the similarities and differences of the three accounting systems and their application in reality
▼Perfect combination of theory and cases, helping see through the surfaces
▼Understanding the diversity of major standards and their handlings
▼Grasping the transition among the three accounting systems
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