Format
This course will be delivered over Zoom over 2 afternoons on 22
September 2025 and 23 September 2025. The Zoom link will be emailed to participants the
day before the course is due to take place.
This course will follow the Virtual Classroom format and encompass two, three-hour sessions. The online interactive live sessions will utilise the functionality of our online learning platform and will be an engaging, collaborative manner of learning. This session will not be recorded, and therefore attendance is required.
Who should attend
This course is suited to:
- Accountants and controllers working in Irish
companies with US parents.
- Accountants and controllers working for groups which
have US subsidiaries.
- Analysts or fund managers who are interested in US
annual reports.
- Auditors of companies which have US parents or subsidiaries.
Course overview
- Scale of differences between US, UK/Irish and IFRS
accounting.
- The relationships between accounting, law and tax in
the US.
- US institutions: SEC, FASB, AICPA.
- SEC regulations / FASB standards.
- Preliminary study of US annual reports.
- Presentation of financial statements, including other
comprehensive income
- Recent US requirements on revenue recognition and
lease accounting
- US GAAP on asset valuation, depreciation and
impairment.
- Other important accounting differences, such as:
inventory; intangibles; marketable securities; hedge accounting; currency
translation; deferred tax; pensions; share-based payments; goodwill;
consolidation.
- Non-GAAP measures permitted by the SEC
- Illustrations with US annual reports with summary of important differences
between US GAAP and IFRS or UK/Irish GAAP.
Key Learning Outcomes
By the end of this course, participants will be able to
- Understand the environment and reporting requirements
of US groups.
- Have insight into the preparation of financial
statements under US GAAP.
- Adjust accounting numbers from local GAAP to US GAAP,
or vice versa.
- Better understand instructions coming from group
controllers in the US.
- Consolidate, assess, interpret and audit the
financial statements of US subsidiaries.
- Avoid the pitfalls for analysis of US annual reports
caused by the large accounting differences.
- Have better relations with the US staff.
Speaker bio
Philip Maguire
is
a Chartered Accountant,who received
his designation while employed at Ernst & Young, anda Certified Information Systems Auditor finalist.
Philip is a principal in Glenidan Consultancy Ltd., a Toronto-based accounting
practice that specializes in Compliance and Financial Reporting under IFRS and
US GAAP. Philip hasover 30 years of business experience in Canada, Hong Kong,
the Philippines and the United States.Note for Legacy CPA Members
Members who joined Chartered Accountants Ireland following
the amalgamation on 1 September, please continue to book on the CPA Portal
here
to ensure you receive your member discount.
Contact us
If you have any questions regarding this or any other CPD course or requirements, please feel free to contact the team here or call us at
(+353) 01 523 3930
LOADING...