Course Description:
This training course will give you an understanding of the recent issues and accounting standards which are part of International Financial Reporting Standards (IFRS) reporting. As companies enter into arrangements with their global counterparts, an understanding of IFRS has become increasingly important.
This two day training explains the accounting processes in current IFRS; It reviews several areas of topics from New Revenue Recognition Rules, Insurance Contracts, Agriculture, Financial Statements Impact, Financial instruments, Deferral of development costs, Fixed asset componentization, Accounting for groups, First time adoption of IFRS, Recent pronouncements form Interpretation Committee, Application of IFRS and possible future changes of IFRS
Practical examples, Question and Answers, and case study to discuss issues you may be having in your application of IFRS standards.
By the end of this course you will:
- Clearly understand the reasons for the move across most of the world to IFRS and the countries that have adopted IFRS in the recent past and those that will adopt in the future
- Have a good working knowledge of the IFRS standards, and challenges of IFRS standards
- Clarity of the review Interpretation Committee pronouncements and issues surrounding such
- How these standards are applied in practice so you can apply them to your own business
- IFRS principles treatment of the following business areas are discussed: Analyze financial statements treatments prepared in accordance with IFRS of foreign competitors, customers, subsidiaries, potential joint venture and alliance partners
- Understanding of the current proposals are new standards and these will impact the businesses
- Identify completed and proposed convergence between the IASB and FASB
Seminar Fee Includes:
Learning Objectives:
- IFRS: Refresher and Important Developments, The Conceptual Framework International Financial Reporting Standards (IFRS)
- Clearly understand the reasons for the move across most of the world to IFRS and the countries that have adopted IFRS in the recent past and those that will adopt in the future
- IASB to develop Standards that bring transparency, accountability and efficiency to financial markets around the world.
- It also helps companies to develop their accounting policies and assists understanding and interpretation of accounting Standards.
- Six Things You Need to Know About IFRS
- Differences highlighted include but are not limited to
- Financial Statement Impact
- Financial instruments, Deferral of development costs
- Fixed asset componentization- Accounting for groups- First time adoption of IFRS
Areas Covered:
- Understand the scope and transitional issues of IFRS adoption
- Financial Statement Impact, Pensions, Share Based Payments
- Taxation, Accounting for Groups, Leases, Intangible Assets
- First Time Adoption of IFRS, Technical Updates
- Consolidations & Equity Method Investments plus More Topics
Who will Benefit:
- All professionals who want to expand their knowledge in IFRS.
- Financial reporting staff of large organizations and entities
- Auditors, Financial Controllers, Tax Professionals, Accounting & Finance Departments
- Business Owners, Department Managers, Business and Financial Analysis
- Corporate Financiers and Investment Bankers
Course Outline:
| DAY ONE (8:30 AM – 4:00 PM) | DAY TWO (9:00 AM – 4:00 PM) | ||
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Registration Process: 8:30 AM – 9:00 AM Session Start Time: 9:00 AM
Standards: |
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Meet Your Instructor
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Dr. David E Sanders PhD, President, Sanders and Sullivan Consulting Dr. David is considered one of the worlds leading experts in accounting, finance, business consulting, A/P, A/R, budgeting, collections, cost accounting, personal finance, personal income taxes, business taxes, business set up, Sarbanes Oxley (SOX), sales & use taxes. internal controls, inventory management, cycle counting, record keeping and vendor, supplier management. He has conducted approximately 10,100 training sessions, including public seminars, on-sites, company training sessions, chamber of commerce's, colleges, videos, CD's and webinars. David is called upon nationally and internationally for his Sarbanes Oxley (SOX) training abilities and to perform, walk through interim testing for core financial processes such as internal controls, risk analysis, fraud detection, fraud prevention, internal controls, financial reporting, revenue, inventory, and expenditure testing. David has been award Live Member Status with Sarbanes Oxley Compliance Professional Association which gives him the knowledge and ability to train companies across the globe on SOX. The author of four acclaimed books and over 28 seminar workbooks, five training CD's and numerous webinars. David has a talent for breaking things down into easy to understand steps that can be implemented immediately. David was an Endorsed Local Provider for the Dave Ramsey Show covering the greater Cincinnati and Northern KY area. David has a wealth of experience to share that is supported by impeccable financial credentials including over 38 years experience in the financial industry. He holds numerous degrees including Associate Degree in Accounting, Bachelors Degree in Accounting, Master Degree in Tax and a Ph.D. in Finance. His experience has included Accounting Manager, Corporate Controller, CFO, Government Tax Auditor, Business Consultant, and senior partner for various Accounting/ Tax/ Auditing firms nationally. |
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- Fill this form with attendee details & payment details
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Please contact us at +1-888-717-2436 to get details of wire transfer option.Terms & Conditions to Register for the Seminar/Conference/Event
Your registration for the seminar is subject to following terms and conditions. If you need any clarification before registering for this seminar please call us @ +1-888-717-2436 or email us @ [email protected]
Payment:
Payment is required 2 days before the date of the conference. We accept American Express, Visa and MasterCard. Make checks payable to MetricStream Inc. (our parent company).
Cancellations and substitutions:
Written cancellations through fax or email (from the person who has registered for this conference) received at least 10 calendar days prior to the start date of the event will receive a refund — less a $200 administration fee. No cancellations will be accepted — nor refunds issued — within 10 calendar days before the start date of the event.
On request by email or fax (before the seminar) a credit for the amount paid minus administration fees ($200) will be transferred to any future ComplianceOnline event and a credit note will be issued.
Substitutions may be made at any time. No-shows will be charged the full amount.
We discourage onsite registrations, however if you wish to register onsite, payment to happen through credit card immediately or check to be submitted onsite. Conference material will be given on the spot if it is available after distributing to other attendees. In case it is not available, we will send the material after the conference is over.
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