IFRS (International Financial Reporting Standards) is now in full force in almost every country in the world, with the exception of the United States. However, even within the U.S. where IFRS is not yet an accepted basis of reporting, IFRS is having a strong impact within the financial world. FASB is working closely with the International Accounting Standards Board to converge the two sets of accounting standards, a phenomenon commonly referred to as “convergence”.
As a production accountant, a basic understanding of IFRS concepts is important to be able to communicate more effectively with financial staff. Many production accountants are familiar with the former accounting methodologies under GAAP, however there are substantial differences with IFRS.
This seminar will teach participants about the main aspects of IFRS to enable them to develop a solid comfort level with the accounting methodology which is in force in Canada. It is ideal for production accountants and financial professionals who are not actively involved in the intimate, technical details of the accounting but still need to understand the “big picture”.
Overview of the key concepts IFRS
This workshop is highly interactive, instructor-led session. Participants will develop and understanding of IFRS by working through examples and /or reviewing financial documents of public companies.
This course is intended for production accountants who have some familiarity with financial accounting but who want to enhance their expertise, particularly with IFRS. This course will appeal to participants who are looking to develop an understanding of IFRS so that they can work effectively with other financial professionals who are familiar with the intricate details of the accounting standards but who themselves only need a general, rather than a detailed, understanding of the technical standards themselves.
Speaker: Karine Benzacar
