The headlines tell the story: Asia turning to IFRS – China, India, Japan and Korea are all on their way; Canada has an implementation plan for incorporating IFRS into Canadian GAAP by 2011; the SEC removes the reconciliation requirement for IFRS and considers use of IFRS by U.S. companies. IFRS is here! Are you ready? With more than 100 countries requiring or permitting the use of or converging with IFRS, the “other GAAP” cannot be ignored. This two-day workshop is for executives, analysts, accountants and others responsible for financial reporting/analysis that understand U.S. GAAP and need to know about IFRS to function in the global marketplace. Get ready!

This seminar is for persons with a sound knowledge of IFRS looking for an update of recent developments from the IASB and IFRIC, an overview of the IASB’s work plan and IFRIC work in progress, and insights into frequently asked questions and comments raised by regulators around the world relating to financial statements prepared in accordance with IFRS. The course will emphasize essential learning points through the use of practical examples and class discussions.

A series of modules designed to give participants an insight into the requirements of IFRS, including recognition and measurement of key financial statement line items found within assets, liabilities and stockholders’ equity, as well as presentation and disclosure requirements to ensure that financial statements are in accordance with IFRS. Depending on time and/or cost constraints, we tailor courses by adding case studies and illustrations, usually taken from the annual report, that reflect the accounting issues impacting our clients. We can even add excerpts of accounting policies and/or journal entries to the training, to ensure that key areas of emphasis important to the preparers of the annual report are disseminated to the participants.

This seminar is an introduction to accounting and reporting for financial instruments under IAS 32, IAS 39 and IFRS 7. The two days will introduce the instruments and transactions within the scope of these standards and include an introduction and thorough discussion of the most widely relevant issues surrounding its implementation. Issues covered include those that are relevant to all industries applying IFRS. The course will emphasize essential learning points through the use of practical examples, class discussions, and review of financial statements.

Although U.S. GAAP and IFRS have converged in recent years and this convergence is expected to continue, significant differences between the two GAAPs still remain. As such, this course is a must for the international accountant. This two-day workshop is for persons who have an intermediate knowledge of either U.S. GAAP or IFRS and would like to have an overview of the significant differences between the two standards and an understanding of how the convergence project will impact financial reporting in the future.

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