In this course, we discuss the efforts of the Financial Accounting Standards Board (FASB) and the International Accounting Board (IASB) to work together to converge U.S. accounting standards and International Financial Reporting Standards (IFRSs) specifically as it relates to income tax accounting.

We also discuss in detail the current technical agendas of the FASB and IASB for income tax accounting as well as the Securities and Exchange Commission's potential rulemaking that may include an optimal and mandatoryconversion to IFRSs for U.S. public companies.

This course is brought to you by Illumeo. Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job. Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales, and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination. Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.