How to Keep Your Clients Happy by Getting Ahead of the Game on IFRS (LIVE)

Date: Aug-18-2010   Time:1:00 PM EST

Course #: ENPA0086L 08-18-2010

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Description

Previous sessions presented on IFRS were designed to provide accountants in practice with a thorough understanding and appreciation of the topic. It is now time to move the story on and to start to address the technical specifics that IFRS convergence will involve. The course is designed to practitioners to advise and assist their clients through the move from USGAAP to IFRS (or to USGAAP) more heavily designed around and influenced by IFRS.

What you will learn:

• Update on the convergence timetable

• Updating and improvements of standards

• Options for convergence being considered by US regulators

• Impact on prior year information – the convergence timetable for corporations

• Getting the chart of account right

• Primary statements – how does IAS 1 match up with USGAAP

• Mapping final account headings and nominal accounts from USGAAP to IFRS

• Planning and managing system upgrades – planning decisions through 2010 – 2015

What you will receive:

• Detailed slides with a summary of the technical material

• Pro-forma IFRS financial statements with an example of mapping across from USGAAP