GAAP requires a financial reporting framework to be followed. Two of the most common are IFRS or ASPE. The purpose of this course is to introduce the two financial reporting frameworks and provide a high level overview of their differences under the main section of the CICA handbook. Examples of differences that exist between the two frameworks is provided throughout the course. In addition, the history of IFRS and ASPE is discussed to provide some background on why they were formed and the benefit of using one over the other.
This course has an intended audience of CPA’s but is also open to accounting students and professionals who are looking to enhance their knowledge of this subject matter for educational purposes and get up to speed on the standards.
This courses touches on all significant sections of IFRS and ASPE so that students have an understanding of the sections within these standards.
Certificate of completion provided after successful completion of course.
