What Every Professional Needs to Know About
International Financial Reporting Standards (IFRS) – Part 1
Program Description: What you learned in your college accounting class is about to change dramatically. No, debits will still be on the left and credits on the right. However, GAAP is going through a convergence with International Financial Reporting Standards (IFRS) to create a one, country neutral, global accounting standards. No matter if you are an accountant, bankers, entrepreneur, manager, or investor, you need to interrupt this change and the sooner the better. This presentation is designed to discuss the philosophy of the change in accounting principles from GAAP to IFRS.
Learning Outcomes:
- Discuss the concept of convergence.
- Describe the key characteristics of IFRS.
- Discuss the myths surrounding the convergence to a country neutral accounting principles.
- Summarize the impact of this change on the corporate financial reporting.
- Examine the changes in the corporate presentation of the balance sheet, income statement, statement of change in stockholder’s equity, and the cash flow statement.
Program Delivery: This is offered as a 1 hour keynote.
NOTE: This program is under development to expand into a ½ day or full day seminar.
To book one of Pete Margaritis’ workshops
Contact Megan Eufinger at The Ohio Society of CPAs 1-800-686-2727 X372 or e-mail MEufinger@ohio-cpa.com