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Understanding IFRS
A Live Audio Seminar from CCH
Thursday, April 23, 2009 - 1 PM Eastern; Noon Central; 11 AM Mountain; 10 AM Pacific
Register Today for Only $249 Per Site and Have an Unlimited Number of Users Participate!
Invite Colleagues, Customers, Prospects and Business Referral Sources to Join You!
Learn the Ins and Outs of First-Time IFRS Adoption
The move to the International Financial Reporting Standards (IFRS) represents a dramatic shift in how U.S. businesses and practitioners will need to approach accounting and financial reporting. The IFRS convergence is not in place yet, but migration from U.S. GAAP is inevitable and the progression toward international standards will ultimately result in one set of standards to be used by all companies inside and outside of the U.S., regardless of size and whether they are publicly or privately held.
Every U.S. company’s first IFRS reporting efforts will undoubtedly be fraught with apprehension as the GAAP/IFRS similarities and differences are worked through. Because of this additional complexity, it is vital that accounting and financial reporting professionals be aware of what’s involved and how best to work through the process of developing a company’s first set of IFRS-compliant financial statements. Just as important, certain simplified standards will be available for smaller, private companies, so it is essential to know when IFRS for private entities is applicable and what that transition will entail.
This practical two-hour audio seminar on Thursday, April 23rd, is the second of three IFRS sessions that highly regarded practitioner, Kathryn Byrne, CPA, is presenting for CCH. This program will take you beyond the IFRS fundamentals as Ms. Byrne will walk through the process of first-time IFRS adoption, focusing on IFRS 1. She will also cover the specific issues pertaining to private entities, as well as provide some comparisons between common items such as consolidation, intangible assets, PPE and inventory. Time will be provided for you to ask your most pressing questions directly to Ms. Byrne via phone or e-mail during the program.
Program Topics
Among the topics to be addressed are:
- Discuss the scope of IFRS 1 and the first time application
- Working from “date of transition” through “date of adoption”
- Optional exemptions and mandatory exceptions
- Presentation and disclosure issues, including comparatives and transition reconciliations
- IFRS for private entities, including simplifications and abridged requirements
- The divergence between accounting items like inventory, impairment of assets, provisions and contingencies
Learning Objectives
- Develop an effective approach to handle a company’s first IFRS financial statements
- Become comfortable with the transitional issues from GAAP to IFRS
- Understand the implications of IFRS for private entities
Register today for this insightful program on Thursday, April 23 at 1 PM Eastern, Noon Central; 11 AM Mountain; 10 AM Pacific.
SPECIAL BONUS—each registered site will also get a free issue of CCH’s Top Accounting Issues for 2009
About the Speaker:
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Kathryn A. Byrne, CPA
Ms. Byrne has more than 20 years of experience in providing accounting, auditing, tax, and consulting services to domestic and foreign corporations in various industries. Her expertise includes specializing in the audit of public companies and owner-managed businesses. Ms. Byrne is the partner-in-charge of the International Services Group of Weiser LLP and is co-partner-in-charge of the IFRS desk. She has been the engagement partner on financial statements reporting under IFRS and has consulted with companies on the IFRS conversion process. She has extensive industry-specific experience providing accounting services to companies in the software/technology, distribution, manufacturing, telecommunication, import/export, automotive, paper, and cosmetic industries, as well as service companies.
She is a Certified Public Accountant in Connecticut, New York, New Jersey, and Illinois. Ms. Byrne completed her undergraduate studies at James Madison University, earning a BBA in Accounting and Finance. She also completed Commercial Finance Association Field Examination School.
Ms. Byrne is a member of the New York State Society of Certified Public Accountants, American Institute of Certified Public Accountants. She is a former member of the Quality Peer Review Subcommittee of the IFAC Forum of Firms. Currently Ms. Byrne is a member of the Board of Directors and Examination Committee of Signature Bank. She has also served as a discussion leader for internal and external professional education programs. |
How the Audio Seminar Works
CCH’s live audio seminars require nothing more than a telephone connection. For the single per-site fee, you can have an unlimited number of listeners at your site participate, get up to speed and in-the-know on important topics, and get special bonus publications included with the seminar. Handout materials are provided in PDF format that you can download and copy for all those who will participate in the seminar at your location.
Practice Development Tip! Invite colleagues, business referral sources, clients and prospects to your office to listen in and participate on this seminar with you. They’ll appreciate your invitation to hear directly about this important topic.
Visit CCHGroup.com/AudioSeminars for more audio seminar topics, dates and times!
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Earn CPE Credit
- Two hours of CPE credit are available for an additional $25 per person wishing to receive a CPE certificate for their participation
- Course Level: Overview
- NASBA Field of Study: Accounting
- Prerequisites: None
- Learn More About CCH's NASBA Registration
Special Bonus
Firms registering for this audio seminar will receive as a bonus the following publication:
Order CD Recordings of CCH Audio Seminars
If you are unable to attend this upcoming event and would like to order a recording—or if you would like to order recordings of past CCH Audio Seminars, please visit the CCH Audio Seminar Archive Library today.
Pricing:
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Site License: $249 — Registration includes one telephone connection at one location, one master set of handouts (with permission to make additional copies for the participants at your location), an unlimited number of people in one listening room can participate, and one seminar bonus publication per registered site. ($25 CPE fee additional for each person wishing to receive a CPE certificate for their participation.)
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CD Recording: $249 — The CD includes an audio recording of the event and handout materials in PDF format. Includes copy of seminar bonus publication with purchase. Available one week after the live audio seminar event. (Note: CPE credit is not available for the CD version of the presentation.)
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Site License and CD Recording Package: $349 — This specially-priced package provides you with the Site License access to the live audio seminar event AND the CD Recording.
Our Guarantee
If for any reason you are not completely satisfied with this program, we will provide a full refund - no questions asked!
Register Today for Only $249 Per Site and Have an Unlimited Number of Users Participate!
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