Convergence of U.S. and international Accounting standards is coming and the pace for this evolution is quickening. This convergence is challenging, not only because of its goals, but because of the expectations of financial statement users. Users of financial statements must be educated as to the differences in Accounting standards, and the implications that different approaches yield. The objective of this course is to provide users with a framework to better understand the implications IFRS has on financial statements and its potential impact on financial reporting in the United States as the SEC moves closer to IFRS adoption.