IA Seminars: IFRS Fundamentals

Vancouver - September 13, 2010

Seminar Details

International Financial Reporting Standards (IFRS) are the world’s most widely applied accounting standards. More than 100 countries now require or permit the use of IFRS. Over 7,000 public companies in the European Union have complied with IFRS since 2005. Brazil, China, Canada, Japan, India, South Korea and other countries, are either adopting IFRS or have decided to converge their national standards with IFRS. The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) are committed to a systematic program of improving and converging their rules.

In 2008 the US Securities and Exchange Commission (SEC) abolished the requirement for foreign registrants to reconcile their financial statements to US GAAP if they file under IFRS. In February 2010 the SEC confirmed its support for a single set of global accounting standards and nominated IFRS as best placed to fulfill that role. It has instituted a ‘Work Plan’ that will lead to a decision in 2011 about mandatory application of IFRS for US domestic registrants.

This four-day course provides a rigorous and detailed overview of all major technical IFRS requirements, and includes illustrative financial statements, case studies, examples, coverage of the most significant IFRSs, and interactive participation from the delegates. In addition to a review of current IFRS, course delegates also receive information on likely future pronouncements and the probable impact of their adoption.

This program answers questions such as:

  * What are the current and likely future requirements of IFRS?

  * How are IFRS recognition and measurement principles applied?

  * Where can up-to-date information about IFRS be obtained?

  * When are fair value measurements required?

  * What are the prospects and timetable for convergence of US GAAP and IFRS?

Event Details

13 - 16 Sep 2010
Price: CAD 5,175
Duration: 4 days
Timing: 09:00 - 18:00
Location: Vancouver

For more details, please click here.

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