IFRS Primer – From First Time Adoption Requirements to Inventory Costing Methods (7 Courses)

The International Financial Reporting Standards are due to be mandatory for all listed companies in the US by 2015 and are already a compliance requirement in a number of countries around the world. It is important to get clarity on the various aspects of the IFRS.

This package of seven webinar recording CDs covers concepts such as first time IFRS adoption, the differences between IFRS and GAAP, how IFRS will change SOX controls and the IFRS requirements for small and medium entities.

How It Works:

Each webinar CD has a series of modules. Our speakers have delivered the modules using PowerPoint slides.

This training is convenient to attend individually or in groups. You don't have to travel from your office. This means you can afford to have your whole team attend. As the webinar recording CDs are licensed to be used multiple times in a location, you can schedule the training as many times for as many groups/batches as you wish. Your team members will learn the material together; everybody will get the same information.

Webinar Topics:

• IFRS First Time Adoption
• IFRS VS GAAP: Essential Knowledge & Understanding
• Webinar On IFRS Fixed Assets
• IFRS for Financial Instruments
• How IFRS Will Change SOX Controls
• International Financial Reporting Standards for Inventory
• International Financial Reporting Standards for SMEs

Who will Benefit?

These webinar recording CDs will be beneficial to the following:

Accounting professionals, CPA, CMA, CFA, CIA, Senior executives of Publicly Accountable Enterprises, Finance, Accounting Unit Vice Presidents, Directors and Managers, Business and Operations Unit Vice Presidents, Directors and Managers, Internal auditors, Consultants and External Auditors.

Webinars included in the Package:

IFRS First Time Adoption (Duration: 66 minutes)

Compliance training webinar on how enterprises adopting the International Financial Reporting Standards (IFRS) for the first time can implement and comply with these reporting requirements.

Areas Covered in the Webinar:

• Scope and applicability of Standard #1.
• Sizing up the impacts of implementation: questions you need to ask.
• Planning the approach: accounting policies and decision criteria.
• Mixed asset valuation model: revaluation and historical cost.
• Setting up the opening IFRS balance sheet.
• Exceptions allowed by Standard #1.
• GAAP/IFRS reconciliation requirement.
• Transitional provisions.
• Disclosure requirements.

About the Instructor:

Mike Morley is a Certified Public Accountant who holds the top credit designations in the U.S. , Canada , and the U.K. Mike is a recognized authority in the field of finance with more than 25 years experience. He is the author of “IFRS Simplified”.

IFRS VS GAAP: Essential Knowledge & Understanding (4 Hours)

This 4 hour course provides the audience with a solid foundation and understanding of International Financial Reporting Standards. It also explores the major differences, both cosmetic and substantive, between U.S. GAAP and IFRS. The instructor will also explain the requirements associated with financial statement preparation and presentation as well as assets, liabilities and revenue.

Areas Covered in the Webinar:

• Introduction to International Financial Reporting.
• Adoption Considerations and Challenges.
• Introduction to IFRS Financial Statement Presentation.
• Assets and Liabilities.
• Revenue.
• IFRS for SMEs.

About the Instructor:

Anne M. Marchetti, has 25 of years of finance and accounting experience in both private industry and public accounting. She is a Sarbanes-Oxley subject matter expert focused on the design, implementation, analysis and optimization of internal control systems and corporate governance and risk management programs.

Webinar On IFRS Fixed Assets (60 minutes)

This IFRS Fixed Assets training explains how firms can assess the value of long lived assets and how to do periodic re-evaluation as per the International Financial Reporting Standards.

Areas Covered in the Webinar:

• Brief IFRS overview.
• Concepts and rules for Property, Plant, and Equipment.
• Revaluation methods under IFRS.
• Impairment of tangible long-lived assets.
• Capitalization of borrowing costs.
• Retirements and other disposals of long-lived assets.
• Nonmonetary (exchange) transactions.
• Financial statement presentation.
• Questions & Answers.

About the Instructor:

Mike Morley is a Certified Public Accountant who holds the top credit designations in the U.S. , Canada , and the U.K. Mike is a recognized authority in the field of finance with more than 25 years experience. He is the author of “IFRS Simplified”.

IFRS for Financial Instruments (60 minutes)

This IFRS training webinar provides easy-to-follow guidelines on assigning a fair value to financial instruments in financial statements.

Areas Covered in the Webinar:

• Valuation methods under IFRS.
• Debt vs. equity investments.
• Accounting for transfers between portfolios.
• Using the equity method for investments.
• Joint ventures.
• Investment property.
• Accounting for hedging.
• Disclosure requirements.
• Financial statement presentation.

About the Instructor:

Mike Morley, is a Certified Public Accountant who holds the top credit designations in the U.S. , Canada , and the U.K. Mike is a recognized authority in the field of finance with more than 25 years experience. He is the author of “IFRS Simplified”.

How IFRS Will Change SOX Controls (60 minutes)

This training webinar explains how enterprises can ensure compliance with Sarbanes Oxley Act requirements while implementing the IFRS processes.

Areas Covered in the Webinar:

• Brief IFRS overview.
• Applying the four key principles of IFRS.
• How disclosure requirements will change.
• The new rules for assigning values to assets.
• How recording revenue will change.
• How IFRS will affect SOX compliance.
• Brief IFRS overview.
• Applying the four key principles of IFRS.
• Questions & Answers.

About the Instructor:

Mike Morley, is a Certified Public Accountant who holds the top credit designations in the U.S. , Canada , and the U.K. Mike is a recognized authority in the field of finance with more than 25 years experience. He is the author of “IFRS Simplified”.

International Financial Reporting Standards for Inventory (60 minutes)

This IFRS training webinar will provide the concepts and rules for complying with inventory costing methods under IFRS.

Areas Covered in the Webinar:

• Concepts and rules for inventory under IFRS.
• Inventory costing methods under IFRS.
• Ownership of goods.
• Fair value of inventory under IFRS.
• Net realizable value.
• Standard costing.
• Other alternative valuation methods under IFRS.
• Disclosure requirements.
• Financial statement presentation.

About the Instructor:

Mike Morley, is a Certified Public Accountant who holds the top credit designations in the U.S. , Canada , and the U.K. Mike is a recognized authority in the field of finance with more than 25 years experience. He is the author of “IFRS Simplified”.

International Financial Reporting Standards for SMEs (60 minutes)

IFRS training webinar on how small and medium entities can implement the various IFRS requirements and processes.

Areas Covered in the Webinar:

• Concepts and rules for inventory under IFRS.
• Inventory costing methods under IFRS.
• Ownership of goods.
• Fair value of inventory under IFRS.
• Net realizable value.
• Standard costing.
• Other alternative valuation methods under IFRS.
• Disclosure requirements.
• Financial statement presentation.

About the Instructor:

Mike Morley, is a Certified Public Accountant who holds the top credit designations in the U.S. , Canada , and the U.K. Mike is a recognized authority in the field of finance with more than 25 years experience. He is the author of “IFRS Simplified”.

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