How do you deal with IFRS vs GAAP?

  • Creator
    Topic
  • #167144
    misanthrope87
    Participant

    I’m only on chapter 1, and I’m already given a lot of differences to memorize…what’s the best method to remember these differences?? I can’t imagine 9 more chapters of this…

    B 2/12 87
    A 11/11 90
    R 8/11 86
    F 5/12 88

Viewing 6 replies - 1 through 6 (of 6 total)
  • Author
    Replies
  • #328308
    yankeeaccountant
    Participant

    @misanthrope,

    are you using Becker? I used Becker and Yaeger, but I found that Becker had a section at the end of each chapter detailing the differences. So, I pulled all that out and made a booklet out of it. I liked having all the ifrs vs. gaap all in one. I would reread that over and over.

    Good luck to you!! Hope things are going well for you.

    #328309
    hopeful_cpa
    Participant

    yankee i miss you lol…. thank god your out of the matrix now lol

    BEC: Done
    REG: Done
    AUD: Done
    FAR: Done

    I'M DONE!!!!!! AAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    #328310
    misanthrope87
    Participant

    @yankeeaccountant

    Yup I saw those sections..it's a bit overwhelming though. Makes me wish I was more on track back in 2010. BTW congrats on getting your life back!

    B 2/12 87
    A 11/11 90
    R 8/11 86
    F 5/12 88

    #328311
    yankeeaccountant
    Participant

    @hopeful_cpa

    😉

    How is FAR going????? Leap Year luck baby!!! And don't forget your RED!!

    @misanthrope,

    Thanks!! I know what you mean, I tested before the new format and IFRS came around, and was dreading the changes. But, life just goes that way sometimes. I felt it was overwhelming too, but ripping out those pages and making a mini booklet helped organize the information in my head. Are you sitting for FAR this window or next?

    #328312
    jeff
    Keymaster

    NINJA has a whole section on IFRS vs GAAP.

    Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

    #328313
    misanthrope87
    Participant

    @yankeeaccountant

    I'm planning to sit for it next window. Tested BEC on 2/20 and hoping for good news from that. Good idea with ripping the pages out! I'll definitely be doing that as I finish the chapters.

    @Jeff

    Nice! I got FAR as part of the BOGO deal so I'll definitely be on the lookout for that. =)

    B 2/12 87
    A 11/11 90
    R 8/11 86
    F 5/12 88

Viewing 6 replies - 1 through 6 (of 6 total)
  • The topic ‘How do you deal with IFRS vs GAAP?’ is closed to new replies.