Global Accounting: 2021 & Beyond
[Coming Spring 2021]

A SINGLE COMPREHENSIVE RESOURCE COVERING INTERNATIONAL FINANCIAL
REPORTING STANDARDS (IFRS) AND U.S. GAAP ALL IN ONE PLACE

IDEAL FOR CPAS, CFOS, CHARTERED ACCOUNTANTS, CONTROLLERS,
AUDITORS, INVESTORS, ANALYSTS AND STUDENTS

Global Accounting: 2021 & Beyond

Global Accounting 2021 & Beyond

Author: Cecil Nazareth

Selected Table of Contents

1. Financial statement presentation

1.01 Background and conceptual framework
1.02 Accounting policies
1.03 Complete set of financial statements
1.04 Balance sheet, Income statement, Statement of Cash flows, Statement of changes in Equity and Notes to the financial statements
1.05 Definitions of Assets, Liabilities and Equity
1.06 Cash vs. the accrual system of accounting

2. Revenue Recognition standard

2.01 Importance of Revenue Recognition standard
2.02 SEC rules for Revenue Recognition
3.03 Revenue recognition standard

3. Statement of Cash flows and Operating Segments & Subsequent events

3.01 What is a Statement of Cash flows?
3.02 How do you prepare a Statement of Cash Flows

4. Relationship between the financials, Inventory, Non-current Assets held for sale & Discontinued operations

4.01 Relationship between the financials
4.02 Inventory
4.03 Non-current assets held for sale
4.04 Discontinued Operations

5. Employee Benefits and Retirement plans

5.01 Employee Benefits
5.02 Retirement plans

6. Provisions and Contingencies and leases

6.01 Provisions and Contingencies
6.02 Leases

7. Income taxes and Intangibles

7.01 Income taxes
7.02 Deferred income taxes
7.03 Intangibles
7.04 Amortization of Intangibles

8. Impairment and Goodwill

8.01 Impairment
8.02 Goodwill computation
8.03 Impairment of Goodwill

9. Business Combinations and Consolidations

9.01 Business Combinations
9.01 Consolidations
9.01 Associates and Joint Ventures

10. Property, Plant and Equipment, Foreign Exchange, EPS and Shared based payments

10.01 Property plant and Equipment
10.02 Component Depreciation
10.03 Foreign currency translation
10.04 Earnings per share (EPS) – basic and diluted
10.05 Share-based payments

11. Financial Instruments

11.01 Fair Value Hierarchy
11.02 Risk disclosure
11.03 Recognition, classification and measurement
11.04 Hedge accounting
11.05 Derivatives
11.06 Current expected credit losses (‘CECL”)
11.07 Financial instrument impairment and losses

12. Interim financials, Related party disclosures, First time adoption and Change Management

12.01 Interim Financial statements
12.02 Related Party transactions
12.03 First-time adoption (‘FTA”)
12.04 Change Management

13. Difference Between U.S. GAAP and Financial ratios

13.01 Differences between IFRS and U.S. GAAP
13.02 Selected important financial ratios

Appendix

– Sample set of Financial statements – private company
– Sample set of financial statements – public company

CONTACT AUTHOR

To arrange media interviews or speaking engagements with Cecil Nazareth