Overview:
For financial professionals who need to get quickly up to speed on IFRS, this two-day webcast will give you the background you need to understand the critical technical accounting issues that arise when applying IFRS. It will delve into all key IFRS pronouncements and discuss how to:
- Assess the impact of IFRS adoption on the financial statements
- Discern the key differences between IFRS and US GAAP
- Prepare for the transition and conversion process
- Comprehend the requirements of the SEC’s IFRS transition roadmap
Objective:
To provide accountants with an in-depth examination of IFRS and a detailed review of the effect a transition from US GAAP will have on the financial statements. You will drill down into individual IFRS pronouncements and learn how IFRS addresses items such as accounting for research and development costs, asset impairments and financial instruments.
Emphasis:
- New rules on consolidation
- New guidance on fair value presentation and disclosures
- Changes to accounting for joint arrangements
- Financial instruments: recent amendments and new proposals
- Impact of changes to revenue recognition
- Accounting for leases under the proposed new guidance
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IFRS framework and financial statements
– Presentation of financial statements
– Earnings per share
– Interim financial reporting
– Noncurrent assets held for sale and discontinued operations
– Operating segments - IFRS 1: illustrative examples, key exemptions and elections
- Transition and conversion issues
- Business combinations
- Foreign currency
- Stock-based compensation
- Liability-related topics
- Income taxes
