[Anonymous]

Any good resources out there to help learn how to convert GAAP to IFRS? I know the main differences but if I had to convert a trial balance from one to another I am not sure I would know what to do….

[Recked]

I cant help much other than to know the basics.
I would try to go line by line and adjust each accordingly.
Remember that the A = L + E still applies, so any adjustment up top has to have a corresponding adjustment, and income or expense adjustments will tie into RE.

When is your retest? How many hours and MCQs have you invested so far?

Memento Mori - Kingston NY CPA & EA (SUNY Albany 2002)

FAR-93 11/9/17 (10wks, 250 hrs, Roger 1800+ MCQs, Gleim TB 600+MCQs, SIMs)
AUD-88 12/7/17 (3 wks, 85 hrs, Roger 1000 MCQs no SIMs hail mary)
REG-96 1/18/18 (6 wks, 110 hrs, 1400 MCQs, no SIMs)
BEC-91 2/16/18 (4wks, 90 hrs, 1240 MCQs)

[Recked]

google gaap to ifrs conversion
20 minute video on youtube going through a problem with possible adjustment.
Might help.

Be aware of the video date 2014, so additional things have been merged since then, but its a start.

Memento Mori - Kingston NY CPA & EA (SUNY Albany 2002)

FAR-93 11/9/17 (10wks, 250 hrs, Roger 1800+ MCQs, Gleim TB 600+MCQs, SIMs)
AUD-88 12/7/17 (3 wks, 85 hrs, Roger 1000 MCQs no SIMs hail mary)
REG-96 1/18/18 (6 wks, 110 hrs, 1400 MCQs, no SIMs)
BEC-91 2/16/18 (4wks, 90 hrs, 1240 MCQs)

[Anonymous]

Thank you @reckedRacing… I was also thinking of reading IFRS section in Ninja notes as it kind of aggregates all the differences…Becker touches upon those but not in the kind of detail to be preparing the financials I think….
The re-test is 2/12….Ninja says I have put in 32 hours into it…Which is more considering I have been taking notes in Becker and re-writing my own notes…I am almost through the Ninja testbank…Average score is 77 which is better than it was last time, but I haven't done government yet. Overall, I feel better about it, but haven't touched the SIMS yet….I just need to study enough to pass this time, as this cannot drag on any longer!

Good luck with REG tomorrow!!!!

[Author]

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