---

June 5: IFRS 1 – First-Time Adoption Made Easy – Webinar

Publicly Accountable Enterprises (PAE’s) are always expected to publish their first comparative financial statements (including quarterly statements) 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.  IFRS Standard # 1 was specifically issued to help companies with the transition to IFRS.  In addition, a reconciling financial statement which bridges the gap between the two will be required. In effect, IFRS requires that the PAE’s be able explain the differences between IFRS and ASPE. This session will outline the procedure for implementation and examine the many factors that companies need to carefully consider when implementing International Financial Reporting Standards.

 

Topics covered will include:

• Scope and applicability of Standard #1
• Sizing up the impacts of implementation: questions you need to ask
• Planning the approach: accounting policies and decision criteria
• Mixed asset valuation model: revaluation and historical cost
• Setting up the opening IFRS balance sheet
• Exceptions allowed by Standard #1
• ASPE/IFRS reconciliation requirement
• Transitional provisions
• Disclosure requirements
• Financial statement presentation

 

Date: June 5, 2015

Time: 1 pm – 3 pm Eastern

Cost: $149 + tax per person (VISA, MasterCard, American Express accepted in advance)

Certificates of completion will be emailed (qualifies for continuing education points)

 

To register call me at (416)876-3798 or email pcalleri@thegaap.net