More details about this course:Thoroughly Assess the Impact of IFRS on Your Company

Not only will we teach you to understand exactly how the IFRS impacts you, but you will gain the knowledge you need to make difficult but necessary choices to prepare for a transition to IFRS. In two days, key important information you need to:

• Identify key areas of financial reporting difference under IFRS for your company
• Develop a [plan and company strategy for IFRS Adoption
• Identify all resources you will need for a transition to IFRS
• Have the key information to comfortably begin discussion with management regarding IFRS options for First Time Adoption
• Become an IFRS Resource for your organization and its future planning

You will know the key similarities and the differences in reporting methods and what it will mean to your organization.

Immediate Benefits of this Information-Packed Two Day Program:
Learn from an expert and be armed with the information needed for informed decisions

1. IFRS expands options for representation of information — what are the constraints to US reporting companies? Find out!
2. Understand the new asset classes and models for measuring assets.
3. Get an introduction to the concept of constructive obligation — what does it interpret and report?
4. Grasp the principles applied in determining, recognizing and measuring revenue under IFRS.
5. What options do you have for converting from US GAAP to IFRS? Learn how to make the transition easier.
6. Understand the key differences between US GAAP and IFRS financial reporting.
7. Know the “players” and responsibilities of those involved in the IFRS standard-setting process.
8. In detail, walk through the development of the IFRS and the due process requirements involved.
9. Know what constitutes a complete set of IFRS financial statements and the composition of each.
10. Learn about alternative presentation formats and required financial statement line items.
11. Get the options available for classification of interest and dividend cash flows under IFRS.
12. Know how to deal with the ramifications of conversion, even those that extend far beyond the accounting office.
13. Understand why there will be a broad move to IFRS, and how early adopters are making the transition.
14. Know the effect of key differences between US GAAP and IFRS on corporate financial statements.
15. Learn the various measurement models available for long-lived assets and their effect on the balance sheet and income statement.
16. Understand the difference in asset impairment testing and availability of reversals of asset impairment loses.
17. Learn the essentials of accounting for investment properties, a separate asset class in IFRS.
18. Know the accounting essentials for agriculture and biological assets.
19. Understand the recognition and measurement of liabilities under IFRS.
20. Ensure that you have the ability to explain the IFRS differences to shareholders, both internal and external.
21. Firmly understand the role that disclosures will play under IFRS.
22. Learn the expanded, required disclosures for classes of assets and liabilities.
23. Understand all transition requirements for companies adopting IFRS for the first time.
24. Become familiar with available exemptions from retrospective application changes in accounting. policy for companies adopting IFRS for the first time.
25. Learn about required exceptions to retrospective application in accounting policy for companies adopting IFRS for the first time.
26. Understand, in its totality, the proposed “IFRS Roadmap” of the Securities and Exchange Commission.
    

Finance, Accounting, Auditing, and Investment Professionals Should Attend:

This Forward Looking Program can help you plan, managing and work through a transition from US GAAP to International Financial Reporting Standards in Your Organization. Those who will benefit most from this fast-track, IFRS program include:

• CFO’s and their Accounting Department Professionals
• Auditors from small and medium sized Audit Firms
• Corporate Directors
• Audit Committee Members
• Investors
• Analysts

If you are responsible for Financial reporting, auditing or investing, you need to attend this thorough program, that will help put your on the right track to a successful transition to IFRS in the future.