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Provided by: Lorman Education Services Preparing for the International Financial Reporting Standard |
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Training
Provided by Lorman Education Services
nOn November 14, 2008, the SEC released its proposed road map for the adoption of IFRS in the United States. At about the same time, leaders from the G20 countries at a financial summit in the United States issued a statement which, among other things, confirmed the leaders' support for developing a single set of high-quality global accounting standards.
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nBoth of these events represent progress toward the adoption of IFRS in the United States. PricewaterhouseCoopers continues to believe that the move to IFRS in the United States is inevitable and is in the best interests of investors and companies. Given the strategic and business issues related to conversion, as well as the investment of time necessary to transition a company to a new accounting language, IFRS should be an area of focus for most companies.
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nAlthough there is time to take a measured approach, companies should keep the proposed timetable in mind as they make their plans. For example, companies subject to the 2014 change date should be prepared to begin capturing IFRS data January 1, 2012, in order to have readily available information to create comparative financial statements. Those companies who might consider earlier adoption may need to establish a more aggressive timetable.
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nThis teleconference will assist companies as they begin to address their transition to IFRS.
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Preparing for the International Financial Reporting Standard
Agenda
- Overview
- IFRS Across the World
- IFRS in the United States
- SEC Road Map
- AICPAs Recognition of IASB
- Benefits and Challenges
- The Principles - Key Similarities and Differences
- Revenue Recognition
- Inventory
- Property, Plant and Equipment
- Impairments - Nonfinancial Assets
- Provisions
- Employee Benefits
- Share-Based Payments
- Uncertain Tax Positions
- Business Combinations
- Consolidations
- Debt vs. Equity Classification
- Financial Statement Presentation
- Conversion Methodology
- Phased Approach
- Questions and Answers
About The Training Provider: Lorman Education Services
Lorman Education Services - Lorman Education is dedicated to providing cost-effective training opportunities that meet the needs of our members and enhance their skills, knowledge, and competencies.
Please use Priority Code 16175 when registering.
Lorman Education Services began offering continuing education seminars in 1987.
Lorman Education is dedicated to providing cost-effective training opportunities that...
