TECHNICAL ACCOUNTING FOR CFOS_GAAP AND IFRS
A 32-part masterclass covering the complete technical accounting curriculum for CFOs from Seed through Series E, spanning every major GAAP and IFRS standard from revenue recognition and leases through equity structures, close process discipline, and audit readiness.
The Conceptual Framework: GAAP and IFRS Side by Side
The authoritative hierarchy, the fundamental accounting equation, qualitative characteristics, recognition and measurement β and why the framework governs every judgment call a CFO makes
The Income Statement: Structure, Presentation, and OCI
ASC 220 and IAS 1 β the complete income statement architecture, other comprehensive income, discontinued operations, and the journal entries that build reported results
The Balance Sheet: Classification, Measurement, and Equity
ASC 210 and IAS 1 β current versus non-current classification, the complete equity section, treasury stock, and the journal entries that create and close every major balance sheet category
The Cash Flow Statement: Direct, Indirect, and Free Cash Flow
ASC 230 and IAS 7 β the complete three-section structure, the indirect method reconciliation with every adjustment, direct method presentation, and why cash flow is the hardest statement to manipulate
ASC 606 / IFRS 15: The Five-Step Revenue Recognition Model
The complete five-step model β contracts, performance obligations, transaction price, allocation, and recognition β with journal entries for the most common scenarios
Revenue Recognition in Practice: SaaS, Licenses, and Professional Services
Applying the five-step model to subscription software, perpetual licenses, usage-based pricing, implementation services, and multi-element arrangements β with complete journal entries
Accounts Receivable, Contract Assets, and Contract Liabilities
ASC 326 (CECL) and IFRS 9 β allowance for credit losses, the expected loss model, contract asset versus receivable, deferred revenue mechanics, and balance sheet presentation
Leases: ASC 842 and IFRS 16 from First Principles
Identifying a lease, right-of-use assets and lease liabilities, operating versus finance classification, the complete journal entry pattern for each lease type, and practical expedients
Property, Plant, and Equipment: ASC 360 and IAS 16
Initial recognition, cost capitalization versus expensing, depreciation methods and their income statement effects, component accounting, disposals, and impairment indicators
Intangible Assets: ASC 350 and IAS 38
Recognition criteria, internally generated versus acquired intangibles, indefinite versus finite lives, amortization, software development cost capitalization under ASC 350-40, and the GAAP-IFRS development cost difference
Goodwill and Business Combinations: ASC 805 and IFRS 3
The acquisition method, fair value of consideration, identifiable assets and liabilities, purchase price allocation, goodwill calculation, contingent consideration, and subsequent impairment testing
Impairment Testing: ASC 350, ASC 360, and IAS 36
When to test, goodwill impairment under GAAP versus IFRS, long-lived asset impairment, the recoverable amount, value-in-use, and reversal of impairment losses
Inventory: ASC 330 and IAS 2
Cost flow assumptions β FIFO, weighted average, and LIFO β lower of cost and net realizable value, the LIFO prohibition under IFRS, write-downs and reversal, and the income statement impact of cost flow choices
Financial Instruments Part 1: Classification and Measurement under ASC 825 and IFRS 9
Debt and equity security classification, amortized cost versus fair value, the IFRS 9 business model test and SPPI test, effective interest method, and the three-category measurement framework
Financial Instruments Part 2: Derivatives, Hedging, and ASC 815 / IFRS 9
Derivative recognition and fair value measurement, the three hedge types, effectiveness testing, OCI mechanics for cash flow hedges, and net investment hedge accounting
Stock-Based Compensation: ASC 718 and IFRS 2
Grant date fair value, Black-Scholes inputs, service period attribution, cliff versus graded vesting, modification accounting, forfeitures, and the equity section impact
Income Taxes: ASC 740 and IAS 12
Current and deferred taxes, temporary versus permanent differences, deferred tax assets and liabilities, valuation allowances, uncertain tax positions, and the effective tax rate reconciliation
Debt and Equity Financing: ASC 470, ASC 480, and IAS 32
Debt issuance costs, effective interest on discount and premium, liability versus equity classification, redeemable preferred stock, and the accounting for term loans and revolving credit facilities
Convertible Instruments, SAFEs, and Complex Capital Structures
Convertible notes bifurcation, beneficial conversion features, SAFE classification, ASC 480 and ASC 815 interplay, and cap table mechanics of conversion at various pricing scenarios
Variable Interest Entities and Consolidation: ASC 810 and IFRS 10
The control model, VIE identification and primary beneficiary determination, intercompany elimination entries, noncontrolling interests, and the GAAP-IFRS divergence in consolidation
Foreign Currency Translation: ASC 830 and IAS 21
Functional currency determination, transaction gains and losses, the current rate method, translation adjustment to OCI, remeasurement, and highly inflationary economies
Segment Reporting: ASC 280 and IFRS 8
Operating segment identification using the management approach, quantitative thresholds for reportable segments, required disclosures, the entity-wide disclosures, and reconciliation to consolidated totals
Earnings Per Share: ASC 260 and IAS 33
Basic EPS with weighted average shares, diluted EPS with the treasury stock method and if-converted method, anti-dilution exclusions, and EPS presentation for companies with complex capital structures
Fair Value Measurement: ASC 820 and IFRS 13
The exit price definition, the three-level fair value hierarchy, Level 1 through Level 3 inputs and their application, the principal and most advantageous market, and measurement disclosures
Employee Benefits and Compensation Accruals: ASC 420, ASC 712, and IAS 19
Defined benefit pension obligations, post-employment benefits, termination benefits, and the everyday accruals for vacation, bonuses, and commissions β with actuarial mechanics and OCI treatment
Contingencies, Commitments, and Provisions: ASC 450 and IAS 37
The probable-and-estimable GAAP threshold versus the probable IFRS threshold, loss contingency recognition, restructuring provisions, onerous contracts, disclosure-only contingencies, and guarantees
Related Party Transactions: ASC 850 and IAS 24
Who qualifies as a related party, what transactions require disclosure, the equity method for associates and joint ventures, and the specific pitfalls in venture-backed company related party reporting
Going Concern and Subsequent Events: ASC 855, ASC 205, and IAS 10
Adjusting versus non-adjusting subsequent events, the going concern substantial doubt framework, management's mitigation plans, the disclosure language when doubt exists, and the auditor's going concern
The Close Process: Month-End, Quarter-End, and Year-End from the CFO Seat
The sequence of close activities, key reconciliations and supporting schedules, common close errors and their prevention, and the process disciplines that enable faster closing without sacrificing accuracy
Financial Statement Footnotes: What Must Be Disclosed and Why
The hierarchy of required disclosures, significant accounting policy notes, the judgments and estimates that must be disclosed, and the most scrutinized footnotes in technology company financial statements
Audit Readiness: What Auditors Look For and How to Prepare
The audit methodology, prepared-by-client schedules, key audit matters, management representation letters, internal control assessment, and how the CFO manages the audit relationship
The CFO as Chief Accounting Officer: Judgment, Estimates, and the Standard of Care
The standard of professional care, SOX certification obligations, developing and maintaining technical accounting competence, accounting culture, and the synthesis of thirty-one parts into a coherent practice