Overview: Where business is concerned the world is becoming a smaller place.
Trade boundaries are disappearing, and many companies have subsidiaries around the world. Multi-national corporations needed a simpler way to put together their consolidated financial statements. Already Australia, most of Europe, and many other countries have adopted International Financial Reporting Standards. Canadian companies are in the midst of the changeover and the U.S. has begun the process. Are you ready for these changes?
Why should you attend: If you are an accounting professional you need to become familiar with exactly what these new International Financial Reporting Standards consist of, and what these changes mean for companies.
Areas Covered in the Session: - GAAP vs. IFRS
- What will change
- What will not change
- Who needs to comply
- The four key principles of IFRS
- How disclosure requirements will change
- The new rules for assigning values to assets
- The deadlines for adoption
- How IFRS will affect SOX compliance
- How these changes will benefit everyone
Who Will Benefit: - Auditors
- Accountants
- Financial Managers
- Financial Controllers
- Company Executives
- Anyone involved in the IFRS compliance process
