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Webinar: IFRS Collaborative Round Table Using Think Tank (17W479-12)

Description

This is a pilot program using Think Tank. Think Tank is an on-line tool
or platform that will allow our course attendees to continue the
learning, engage and facilitate discussions and promote innovation. This
pilot session is for all attendees of the April 23rd IFRS public
seminar. There are over a 125 countries that either require or permit
the use of IFRS. Closer to home, Canada adopted IFRS on January 1, 2011
and Mexico is going to adopt IFRS on January 1, 2012. The SEC is poised
to set a mandatory adoption date for publicly traded companies to
implement IFRS in 2015 or 2016. In addition, the AICPA recognizes the
International Accounting Standards Board (IASB) as a standard setter
which allows privately held companies to adopt IFRS for Small-to-Medium
Sized Entities (IFRS for SMEs). Whether you’re in public or industry
accounting, have a client base solely in privately-held companies, or
work for a privately held business, the likelihood of an IFRS question
being asked of you is increasing. This course offers basic knowledge
that every CPA needs to know about IFRS. .

Learning Objectives
  1. Explain the structure of the International Accounting Standards Board
  2. Describe the path to convergence between the IASB and the FASB
  3. Discuss the current convergence projects and timeline for implementation
  4. Discuss the current status of the SEC Workplan for IFRS implementation
  5. Explain the differences between IFRS and IFRS for SMEs
  6. Discuss the differences between US GAAP and IFRS as it concerns inventory, PP&E, leases, intangible assets, liabilities, impairment, and revenue recognition.
  7. Analyze the differences between financial statements prepared under IFRS and US GAAP
Major Topics
  1. The function of the IASB in standard development
  2. Convergence update
  3. Update on SEC implementation of IFRS
  4. IFRS for SME's adoption
  5. Analyze major assets differences between IFRS and US GAAP
  6. Comparison of financial statements prepared under IFRS vs. US GAAP
Course Level
Intermediate
CPE Field of Study
Business Management & Organization
1
Prerequisites
Knowledge of basic accounting
Event Information
When
May 24, 2012
12:00 pm - 1:00 pm EST
Location
Online
Total CPE Credits
1
Format
Webinar

Register for this Event

Webinar: IFRS Collaborative Round Table Using Think Tank (17W479-12)


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