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ADDING IFRS TO YEAR-END CLIENT PLANNING DISCUSSIONS:
Why Their Policies, Procedures and Systems Can’t Be Changed Overnight
A Live Two-Hour Audio Seminar from CCH
Tuesday, November 17, 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 Why and How You Need to Discuss IFRS with Your Clients — NOW!
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 U.S. GAAP early in the next decade. And the beginning balance sheet should be two years prior to conversion.
Join internationally recognized accounting expert and instructor, Cecil Nazareth, CPA, M.B.A., ACA on Tuesday, November 17, for a timely and informative two-hour program that explains why CPA firms of all sizes may already be at risk of losing clients if they’re not up to speed on IFRS. Mr. Nazareth will help you understand the sweeping implications of IFRS on your clients’ financial statements and map the critical differences between rules-based and principles-based accounting. Nazareth will provide a practical roadmap for getting up to speed quickly on the new standards — which the recent G-20 Summit endorsed — without feeling overwhelmed. He’ll also share recommendations for streamlining first-time adoption of IFRS for small to mid-size firms, walk you through real-life examples, such as inventory and fixed asset accounting under the new rules, and show how savvy SME firms are already developing practice niches in IFRS advisory services.
If you have clients doing cross-border transactions, particularly in Canada, Japan, China or India, 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 during the presentation.
Program Topics
- Why You Should Discuss IFRS with Your Clients — Today
- Where are we headed and why is IFRS relevant today for firms and business clients of all sizes?
- How will IFRS help business?
- How are savvy firms are developing practice niches in IFRS advisory services?
- Impact of IFRS — Globally and U.S. — Rules-Based vs. Principles-Based Systems
- Why rules-based versus principles-based accounting matters for practitioners of all sizes?
- Impact of IFRS on international business and cross border transactions
- IFRS Standards, High Level Differences and IFRS Transition and Planning
- Similarities and differences between U.S. GAAP and IFRS
- IFRS for SMEs — high level
- Real-Life Examples: How fixed asset and inventory accounting will change under the new standard
- IFRS transition planning and differences
Learning Objectives
- Gain an understanding of the principle-based system of accounting
- Speak with clients intelligently about the impact of IFRS on business reporting
- Understand how IFRS affects SMEs (small and medium businesses)
- Explain the differences between principle based accounting vs. the rules based accounting
- Know the most significant similarities and differences between IFRS and U.S. GAAP
SPECIAL BONUS
Register today for this insightful program on Tuesday, November 17 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!
Sign Up for Email Notifications
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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