IFRS Conference: Today's Landscape...Tomorrow's Challenge

One day — 9 CPE Credits

Highlights:

• Update on the SEC’s proposal and “Roadmap” to move to International Financial Reporting Standards

• FASB/IASB Convergence: Progress made and projects ongoing, including the conceptual framework project

• Major differences between U.S. GAAP and IFRS

• Major presentation and disclosure differences

• Update on differences in other areas, such as MD&A and audit

• The Transition to IFRS: IFRS 1 First Time Adoption of International Financial Reporting Standards

• And much more!

AGENDA

8:00-8:30 am – Registration/Continental Breakfast

8:30-8:45 am – Welcome and opening comments

8:45-9:45 am – Looking into the crystal ball:  The future of IFRS in the US and are we ready?

• Brief historical background

• The “Roadmaps”

• The SEC’s proposed phase-in of IFRS in the U.S.

• Obstacles to preparedness – how will we overcome them?

9:45-10:30 am – Adopting IFRS

• Navigating IFRS 1, First Time Adoption of IFRS

• Establishing an implementation plan

• Learning the pitfalls and how to address or avoid them

• Don’t forget – internal controls…

10:30-10:45 am – Break

10:45-12:15 pm – Major differences between US GAAP and IFRS, Part I

• Understanding the major differences in:

• Revenue recognition

• PP&E and impairment

• Employee benefits and share based payments

• Consolidation accounting

• Income taxes

• Financial instruments and hedging

• And more

12:15-1:15 pm – Luncheon

1:15-2:15 pm – International standard-setting

• The makeup and operation of the IASB

• A look at how standards are adopted

• The updated Memorandum of Understanding between FASB and IASB

• The IASB’s agenda

• IFRIC, the interpretive body

2:15-4:15 pm – Major differences between US GAAP and IFRS, Part II

• Understanding the major differences, cont.

3:15-3:30 pm – Break

4:15-5:30 pm – Other Reporting Issues

• International convergence in:

• Capital raising and listing

• Filing & disclosure (MD&A, etc.)

• Auditing

• The Corporation Finance issues in the the review process

5:30 pm – Adjournment

Learning Objective: To update corporate financial executives on the issues that must be considered when adopting IFRS for financial reporting purposes.
Delivery Method: Group-Live.
Prerequisites/Advance Preparation: None.
Experience level: Overview.

DOWNLOAD FAX REGISTRATION FORM

CALENDAR

Adobe Acrobat Reader® is required to download. Click the icon to get it free.