US GAAP, IFRS, Irish GAAP for Investment Funds

} Date: TBC

Duration: 1 Day

Programme overview

A comprehensive, practical comparison of current US GAAP, IFRS & Irish GAAP requirements and practices for investment fund financial reporting

Course Objectives

At the end of this course participants will be able to Outline the background to the three 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 Describe the characteristics of fair value and the fair value hierarchy.

Highlight the similarities and differences between the measurement and disclosure requirements of assets and liabilities under each system Discuss recent updates and expected developments in IFRS, Irish & US GAAP.

Who should attend?

Experienced hedge fund and mutual fund financial reporting professionals that need the similarities and differences between the different GAAPS highlighted.

Course Content (Summary)

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

Offsetting

Current Developments

Enhanced Disclosures

Trainer Profile

Please contact info@ifsskillnet.ie for more information on training providers.