Canadian businesses are quickly adapting to the needs of IFRS (International Financial Reporting Standards).
For the accounting profession IFRS is the biggest change in decades.
It is time for Canadian companies and accounting firms to train their staff.
There will be three days of training. The first training seminar is called IFRS Overview and it will provide a solid understanding of IFRS. Then, participants take the 2 day IFRS Workshop where we will go through the standards in detail and do numerous applications.
This training is for industry accountants, finance professionals, and auditors.
In addition, the seminars can be customized to a particular industry eg. banking and can be done as onsite / inhouse seminars.
The outline for the IFRS Overview Seminar is:
1. Comparison of IFRS to Canadian GAAP
2. Introduction to IFRS
3. Financial Statement Presentation
4. Current Assets
5. Property, Plant & Equipment
6. Investment Property
7. Leases, Intangible Assets, and Asset Impairment
8. Liabilities
9. Foreign Currency Translation
The outline for this 2 day IFRS workshop follows:
1. First-
2. Financial Accounting Framework
3. Subsequent Events & Related Parties,
4. Accounting Changes & Operating Segments
5. Revenue recognition
6. Inventory
7. PPE
8. Leases and investment property
9. Intangibles
10. Income Tax & Borrowing Costs
11. Variable Interest Entities
12. Business Combinations & Consolidations
13. Employee Benefits & Pensions
14. Stock-Based Compensation
15. Financial Instruments
16. Disclosure
To learn more about the training, please visit:
http://www.advantagemontrealseminars.com/
Leah Donti, has been teaching IFRS since 1997. She is an expert on IFRS and will conduct the training.
Over 100 countries have already converged to IFRS including the Eurozone, Switzerland, UK, Hong Kong, Australia and New Zealand.
Companies that are due to begin their IFRS conversion projects over the next couple of months could be underestimating the full extent of what this entails. In the worst case scenario, this could lead to financial results being restated and, with the world’s financial markets currently so delicately poised, such a flurry of activity could prove damaging.
In Canada, the TSE will require IFRS beginning Jan. 1, 2011. As well, all publically accountable entities in Canada are scheduled to make the move to IFRS on the same date.
In the U.S., the SEC has released the Roadmap for comment.
