With support from important constituencies, the SEC and the FASB have taken several steps toward what will be a major transition from accounting and reporting framework currently in place in the United States to IFRS. Earnings per share (EPS) is a popular and useful summary measure of a company's profit performance.
In an effort to better understand how convergence will affect financial reporting in the United States, depending on the IFRS implementation action taken by the SEC, this course examines some of the material differences that currently exist between U. It tells you how much profit (or loss) each share of common stock has earned after adjustments for potential dilution from options, warrants, and convertible securities are factored in.
Module 3 of the IFRS Learning Module series presents an overview of IAS 10 Events after the Reporting Period (a topic commonly referred to as "subsequent events" under U. GAAP) and discusses the IASB's and FASB's efforts towards achieving convergence in this area of financial reporting.
Completion Deadline & Exam: This course, including the examination, must be completed within one year of the date of purchase.
In addition, unless otherwise indicated, no correct or incorrect feedback for any exam question will be provided. Therefore it is clear that IFRS represents the future of financial accounting and reporting in the United States.