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New, IFRS is now in Canada!
Under the current
timetable set by Canada's Accounting Standard Board (ASB),
Canadian public companies may have to begin reporting as
early as 2008 on their move from Canadian GAAP to IFRS.
The 2011 changeover will bring
Canadian companies in line with accouting rules and
practices currently in place in Europe, Australia and
other regions.
In a recent survey, investors and analysts, who know
about the move to IFRS, just 1 in 5 has begun to
prepare.
Are you ready? We are now
offering two IFRS seminars. Descriptions are presented
below.
Our IFRS seminars
are also offered as in-house training and may also be
customized to specific industries (eg. banking, oil and
gas, mining)
IFRS Overview
This 8 hour
seminar is designed to give participants an overview to
IFRS. It will compare IFRS to Canadian GAAP. Using real
life examples and cases, participants will walk away
with an understanding of IFRS in Canada.
Following
is the IFRS overview outline:
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Introduction to IFRS
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Financial
statement presentation
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Current
assets
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Property,
plant and equipment
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Leases,
intangibles, and asset impairment
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Liabilities
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Foreign
currency translation
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Consolidated financial statements
-
International convergence
IFRS Workshop: Are you ready for IFRS?
This
two-day course is a step by step guide through the
technical issues involved in understanding and applying
IFRS. It will provide similarities and differences
between IFRS and Canadian GAAP. The program includes
cases, real life examples and discussions.
Following
is the IFRS workshop outline:
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First-time
adoption of IFRS
-
Financial
statements
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Inventories
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Contingencies
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Accounting
policies, changes in accounting estimates,
correction of errors, and discontinued operations)
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Revenue
recognition
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Recognition and measurement of assets (property,
plant & equipment and intangible assets) including
the accounting treatment of impairment and assets
held for sale |
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Provisions/non-financial liabilities (including
those for employee benefits) and other liabilities
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Share-based payments
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Consolidated financial statements, including special
purpose entities
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Financial
instruments, including the disclosure requirements
in IFRS 7
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Segment
reporting
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Disclosure
IFRS Seminar Location: downtown Montreal
IFRS Dates:
Please contact our office
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