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Differences between IFRS and U.S. GAAP
(Part 1)
A Live Two-Hour Audio Seminar from CCH
Tuesday, March 30, 2010 - 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 How Best to Handle the Differences between IFRS and US GAAP
Experts say it will take at least two years to convert your clients’ policies, procedures and systems to conform with International Financial Reporting Standards (IFRS) — which many expect to replace US GAAP early in the next decade, if not sooner. And the beginning balance sheet should be set two years prior to conversion.
Join internationally recognized accounting expert and instructor, Cecil Nazareth, CPA, M.B.A., ACA on Tuesday, March 30, in the first session of a two-part series on differences between U.S. GAAP and IFRS. This timely and informative two-hour telephone seminar explains the significant and the subtle differences between US GAAP and IFRS, as well as the ongoing convergence efforts. In Part 1, Mr. Nazareth will help you understand the sweeping implications of IFRS on your clients’ financial statements and map the critical differences between U.S. GAAP and IFRS treatment in key areas, such as Inventory, Property, Plant and Equipment (PPE), Leases, Segment Reporting, and more. (NOTE: Part 2 on April 6 will examine the differences in other key areas, such Balance Sheet – Liabilities and Equity, Financial Instruments, Income Statement and Other Comprehensive Income (OCI), Revenue Recognition, Impairment, and more.) With recent backing from the SEC and the G-20 Summit, savvy CPA firms of all sizes need to develop the expertise now to lead their clients through this monumental transformation.
If you have clients with multinational operations or performing cross-border transactions, or your firm is looking to establish an IFRS practice niche, you can’t afford to miss this CCH audio seminar. Time will be provided for you to ask questions to Mr. Nazareth via phone or e-mail
Program Topics
Topics to be addressed include:
- IFRS Overview — The World has Changed
- Global Acceptance — G-20 and SEC Support for IFRS
- Financial Statements Presentation, including:
- Required IFRS Financial Statements
- Consolidation
- Balance Sheet — Assets, including:
- Inventory
- Property, Plant and Equipment (PPE)
- Other Topics, including:
- Leases
- Segment Reporting
- EPS
- IASB/FASB Convergence Projects and Current Developments
Learning Objectives
- Understand the current outlook and timing for transitioning from U.S. GAAP to IFRS
- Understand the similarities and differences between US GAAP and IFRS in key areas such as Inventory, Property, Plant and Equipment, Leases, and Segment Reporting
- Be able to talk intelligently to clients about the impact of IFRS on business reporting
SPECIAL GIFT!
Register today for this insightful program on Tuesday, March 30 at 1 PM Eastern, Noon Central; 11 AM Mountain; 10 AM Pacific.
About the Speaker:
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CECIL K. NAZARETH, CPA, M.B.A., ACA
Cecil Nazareth is a partner with IFRS Partners in New York City, which specializes in IFRS education, training, consulting and conversion. Clients include CPA firms and small to medium-size businesses, including subsidiaries of foreign parents.
Previously Cecil was the Director of AICPA's Internal Audit and Strategy. In that key role he worked on the AICPA overall strategic goals and organizational development. He worked closely with the CEO and developed and implemented an Executive Performance Measurement System and Balanced Score Card. Cecil also reported to the Audit Committee and Board of Directors and interacted with the external auditors. Cecil pioneered the ISO 9001:2000 Quality program at the AICPA and led it to becoming the first professional organization certified in the United States.
Earlier Cecil worked with AICPA's SEC Practice Section reviewing technical issues and peer reviews of several large CPA firms performing SEC related work. Prior to joining the AICPA, Cecil worked as an Audit Supervisor at Ernst & Young, specializing in the Financial Service industry. Cecil's international experience includes the practice in the Middle East and India.
Cecil recently spoke at the Diamond Jubilee of Indian Chartered Accountants of India (ICAI) on the role of a global accountant and IFRS at the Asian American Conference. He has conducted numerous IFRS training sessions, including sessions for the ICAI and the Bombay Stock Exchange.
Cecil is an Indian Chartered Accountant and a U.S. CPA and fully understands the differences between IFRS and U.S. GAAP having practiced in both arenas. In addition, Cecil has an M.B.A. in Finance from Fordham University and Information Technology from Columbia University in New York City. |
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. One free CPE certificate for one person is provided with each site registration. CPE certificates are available for $25 each for each additional person wishing to receive CPE credit for their participation.
- Course Level: Intermediate
- NASBA Field of Study: Accounting
- Prerequisites: Accounting knowledge of US GAAP
- Learn More About CCH’s NASBA Registration
Special Gift
Each registered site will also get a free issue of CCH’s Top Accounting Issues for 2010.
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. Each Site License registration includes one free CPE certificate for one person at your site. Additional CPE certificates are available for $25 each for each additional person wishing to receive CPE credit 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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