Courses

Sample Testimonial

US GAAP vs IFRS for Investment Funds

"Great course. Liked that course was interactive. Really enjoyed it. Thanks. "

Participant, Fund Administrator, Dublin

View all testimonials...

Featured Course

US GAAP vs IFRS for Investment Funds

Duration: One Day

Course Overview

This course prepares hedge fund and mutual fund financial reporting staff and auditors for the transition from US generally accepted accounting principles (US GAAP) to international financial reporting standards (IFRS).

At the end of this course participants will be able to

• Outline the background to both US GAAP and IFRS accounting frameworks
• Present principal financial statements in a format consistent with IFRS
• Highlight the main differences between the components and format of financial statements under each system
• Classify financial assets in accordance with IFRS
• Describe how financial assets & liabilities are measured under IFRS
• Highlight the similarities and differences between the measurement of assets and liabilities under each system
• Describe the characteristics of fair value and the fair value hierarchy according to Topic 820 (FAS 157)
• Highlight the similarities and differences between the disclosure requirements around fair value of financial instruments under each system
• Discuss likely developments in fair value measurement in IFRS
• Discuss recent updates and expected developments in IFRS & US GAAP

Course Content

• Framework
• Financial statements
  • Statement of assets & liabilities
  • Statement of comprehensive income
  • Statement of cash flows
• Financial instruments
  • Recognition & de-recognition
  • Classification of financial assets & financial liabilities
  • Initial & subsequent measurement of financial assets & financial liabilities
  • Fair value
  • Disclosure
• Current Developments
  • Fair Value Measurement
  • Enhanced Disclosures

Who should attend?

* Hedge fund and mutual fund staff with US GAAP experience who are now responsible for the preparation or audit of fund financial statements in accordance with IFRS.
* Hedge fund and mutual fund staff who require a greater understanding of IFRS.

• www.pixelated.ie