One of the ongoing debates is how do we get to a single set of international accounting principles under which all companies report their finances? Most of Europe and 100 other countries around the world have already adopted IFRS or a jurisdictional adaptation of IFRS. Right now US public companies and most private companies are still reporting under US GAAP standards. Convergence has been a long and difficult process for a number of reasons, but the move to IFRS may entail a move away from the “prescriptive guidance” that generally exists under US GAAP. Most of the activity surrounding IFRS has focused on publicly traded companies though privately held companies need to take a serious look at how IFRS is going to impact their firms. Many have speculated that IFRS will be a game changer for the private sector as it could fundamentally alter how they report their financial results. Private companies who are owned by a foreign entity currently reporting under IFRS or significant investor using IFRS may find themselves having to prepare financial information in accordance with IFRS.
To explore and explain how the conversion to IFRS could affect private companies, The Knowledge Group is putting together a panel of experts to help your accountants, financial executives, and advisors understand the implications of IFRS. The speakers will share their expert opinions in a two-hour LIVE Webcast that will cover the following topics:
- Fundamentals of IFRS
- IFRS Framework on Accounting and Financial Reporting
- Financial Reporting Issues
- Critical Issues for users and preparers of financial statements
Joining this webcast keep you in the know with respect to IFRS. Adopting IFRS: Implications on Private Companies LIVE Webcast will provide you with a solid foundation regarding this critical issue.
Course Level: Intermediate
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 2.0
Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Course Code: 104026
National SEC Director
Partner, Department of Professional Practice
Wendy Hambleton, Partner and Director, National SEC Department,
BDO USA LLP
Mark Fitzpatrick, Partner,
Moss Adams LLP
Presidents of Companies
Finance Directors and their staff
Chief Financial Officer
Chief Information Officer
Credit / investment banking analysts
Managers of small and medium-sized enterprises
This is a must attend event for anyone interested in knowing more about Adopting IFRS: Implications on Private Companies.
- New guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A