Event Date/Time: Sep 14, 2010
End Date/Time: Sep 14, 2010
U.S. Publicly Accountable Enterprises (PAEâ€™s) must publish their first comparative financial statements (including quarterly statements) after January 1, 2015, based on International Financial Reporting Standards (IFRS). They will need to implement the new standards well in advance of that date using IFRS Standard # 1. But where do you start? IFRS Standard # 1 was specifically issued to help companies with the transition from GAAP. In addition, a reconciling financial statement which bridges the gap between the two will be required. In effect, IFRS requires that the PAEâ€™s be able explain the differences between IFRS and GAAP.
This NASBA certified IFRS webinar will outline the step-by-step procedure for implementation and examine the many factors that companies need to carefully consider when implementing International Financial Reporting Standards.
Accreditation - NASBA
CPE Credits - 1 CPE credit
Program level â€“ Basic/Intermediate
Program prerequisites â€“ NONE
Advance preparation â€“ NONE
Instructional Method: Group â€“ Live