- OVERVIEW AND WHY SHOULD YOU ATTEND
- AREAS COVERED AND LEARNING OBJECTIVES
- WHO WILL BENEFIT
Publicly Accountable Enterprises (PAE’s) are expected to soon publish their first comparative financial statements (including quarterly statements) based on International Financial Reporting Standards (IFRS) accounting. They will need to implement the new standards well in advance of that date using IFRS Standard # 1. IFRS Standard # 1 was specifically issued to help companies with the transition from GAAP financial statements. In addition, a reconciling financial statement which bridges the gap between the two will be required. In effect, IFRS requires that the PAE’s be able explain the differences between IFRS and GAAP.
why should you attend
This webinar will outline the procedure for implementation and examine the many options and exemptions that companies need to carefully consider when implementing International Financial Reporting Standards.Click to View the Pricing Plan
Topics covered will include:
• Sizing up the scope and impacts of implementation: questions you need to ask
• Planning the approach: accounting procedures and decision criteria
• Mixed asset valuation model: revaluation and historical cost
• Setting up the opening IFRS balance sheet
• Navigate the exceptions and options allowed by IFRS #1
• Understand the GAAP/IFRS reconciliation requirement
• Simplifying transitional provisions
• Know the disclosure requirements
• Review financial statement presentation
Know how to build the initial IFRS Balance Sheet by adding, removing, and revaluating assets and liabilities, prepare the GAAP-IFRS transitional statement, and write the appropriate Notes to comply with IFRS #1.
WHO WILL BENEFIT
• Financial Managers
• Financial Controllers
• Company Executives
• Anyone involved in the GAAP-IFRS transition process
Mike Morley, a Certified Public Accountant, is the author of "IFRS Simplified". Mike is a recognized authority in the field of finance and helps guide companies through the IFRS compliance process. An entertaining and informative speaker, Mike is a frequent guest on television and radio.View all trainings by this speaker
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Thank you for the spreadsheet webinar. The webinar was informative and helpful. Although many of the concepts are known and understood by Industrial and Process Engineers, it is always helpful to have a straightforward review. The spreadsheet will be beneficial in being able to help identify areas of risk and areas that may require some attention.
Benchmark Electronics , ******** Engineer
This was a very informative session, it did help my company by raising awareness in areas we lack policies. The only thing I would suggest get added to the session is direct information relating to Accounting, ex. Taxation rules for record retention as they are some records which a company is required to keep indefinitely.
First MCO, ***** Manager
Overall I found the video conference well organized and very informative. The presenter, Ronald Adler, was certainly extremely knowledgeable and presented the subject matter in a well organized, direct and succinct manner. Afford the attendee the ability to track and record paid attendance/activity without a lot of tracking and follow up in order to gather the necessary information required to record the CPEs earned and paid for.
Dynamic Marketing Systems, VP Finance & Human Resources
As this was our first experience, we did not know what to expect. I believe the webinar was informative and to the point, and explained to us the purpose of the I-9, and how the company can be affected by an audit. It really motivated us to review our files and bring them up to date.
Young Transportation, ****Coach****
I have participated in several webinars hosted by Compliance Global on various H&S topics. They are always precise, technologically-oriented, and easy to use and partake in to further my knowledge of current Health and Safety regulations and topics.