《New & Revised IFRSs Applicable(EN)》課程詳情
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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.
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
《New & Revised IFRSs Applicable(EN)》培訓(xùn)受眾
CFO/CEO/CIO
Finance Director/Manager/Controller
Auditing Manager
Accounting Manager
Investment/Financial/Equity Analysts
《New & Revised IFRSs Applicable(EN)》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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