《Application of New & Revised IFRSs》課程詳情
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Introduction:
Currently over 9,000 European companies have converted to IFRS for financial reporting, countries such as Brazil, Canada, China, India, , Japan, Malaysia, Nigeria, Russia, and the USA, are adopting or converging their financial reporting standards to IFRS. In the next 2-4 years all major countries are expected to adopt these new principles-based standards. China, has set itself the objectives of fostering investors' confidence in financial information, increase transparency of financial reporting, and harmonize with International Financial Reporting Standards (IFRS).
Great changes will take place in 2011 for IFRS, in this critical year, what key milestones can help you to ensure you will be well prepared for filing your first interim IFRS financial statements 2011 will be discussed in this training.
This training is appropriate for both the novice in IFRS financial reporting who needs to be up-to-date quickly, and the veteran financial professional who is looking for a refresher course which including current issues and projects. In this course we will take a close look at the recent release for private companies of IFRS for Small and Medium-sized Enterprises (SMEs). In addition, the training will provide updates on the most recent IFRS developments as well as detailed guidance on the implementation of several specific IFRS standards. It will equip the participants to more effectively transition to IFRS in 2011 or thereafter. Furthermore, the presenter from the United States will provide distinct guidance on the differences between IFRS and U.S. GAAP.
Topics Will be Covered:
▼Globalization and Updates of IFRS
√MOU's and Latest Developments at the IASB
√Status of Convergence with the U.S. GAAP
√Roster of IFRS 2009-2010 Updates
√The New IFRS Taxonomy 2011
√Current update of the lease accounting - a major changes
√Update of the financial instruments and hedge accounting
▼IFRS - SMEs (Small and Medium Sized Enterprises)
√Issued 2009
√Who Does It Apply To?
√Definition of SMEs
√Differences Between "Full" IFRS and "IFRS for SMEs"
▼IFRS and Fair Value Considerations
▼IAS 37: Provision, contingent liabilities and contingent assets
√Principle to make provision
√Contingent liabilities, when provision is required
▼IAS 18: Revenue
√Revenue recognition principles
√Revenue recognition for multiple deliveries
√Current update of revenue recognition
▼IFRS 2 Share Base Payments
√Employees share option scheme
√Valuation of the options
√Accounting for the employee share option
▼IFRS 3 Business Combinations
√What constitute a business combinations
√Valuation of the intangible assets and goodwill accounting
√Issues of Non-controlling interest
▼IFRS 23 Borrowing Costs
▼IFRS 27 Consolidated and Separate Financial Statements
▼IAS 36: Impairment of assets
√Impairment of fixed assets, intangible assets and goodwill.
√How to calculate the impairment?
▼Recent Disclosures in Published Financial Statements
▼IFRS VS US GAAP
√SEC Roadmap Status
√Recent AICPA IFRS Preparedness Survey
√Key U.S. GAAP Differences
√U.S. GAAP Codification
《Application of New & Revised IFRSs》培訓(xùn)受眾
▼CFO/CEO/CIO
▼Finance Director/Manager/Controller
▼Auditing Manager
▼Accounting Manager
▼Investment/Financial/Equity Analysts
《Application of New & Revised IFRSs》課程目的
▼Cementing your knowledge of IFRS with hands-on case studies and examples
▼Developing a deep understanding of IFRS and its impact on financial reporting
▼Technical analysis and discussion on the latest strategic updates and future direction of IFRS
▼Implementing IFRS accounting for assets, liabilities and owners equity
▼Providing recent updates on the hottest issues including IFRS for small and medium-sized entities
▼Detailed guidance on the implementation of several specific IFRS standards
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