Hey all,
As the title suggests, I'm curious about American bankers' perception towards candidates with IFRS experience since I will be working on my CPA here in Hong Kong. In short, I am doing financial services audit at a big4 firm and I want to do what I can to prepare for an MBA (in ~3 years) and transition into IB through an internship. I know that the CPA doesn't help one get into IB whatsoever, but my question is whether it would hurt my chances as Hong Kong uses IFRS instead of GAAP. I am not sure how similar the modeling aspect of IFRS accounting is to GAAP since I have only done modeling using GAAP during my studies. So in your opinion, do American bankers even remotely care that you've worked under IFRS before? Any pointers would be greatly appreciated! Thanks as always.
I really don't see this being an issue. I'd personally rather see the US just go to IFRS since LIFO adjustments are annoying.
Won’t hurt you. I am in Germany and I have a folder with the IFRS vs HGB (German Gaap).
Just summarize the following document and have it with you. If you are able to memorize in detail IFRS, this document should not be a problem.
https://viewpoint.pwc.com/dt/us/en/pwc/accounting_guides/ifrs_and_us_ga…
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