IFRS:  The Coming Tsunami

Summary:  The trend toward adopting IFRS, a global set of accounting standards, is becoming one of the most important issues for companies to address today and represents a significant change for investors, financial executives, and capital markets. The US Securities and Exchange Commission is clarifying when adoption of global standards by US companies will be required. A panel of experts will address market demands of trust and transparency from a legal, regulatory, compliance and practical perspective.  Confirmed speakers include: 

Ø Lauren Kelley, CEO, OpexEngine, (Moderator)

Ø Mahendra Gujarathi, Professor of Accounting, Bentley University

Ø Beth Higgins, Director of Finance and Accounting, TUV SUD America

Ø Liza McAndrew Moberg, Accounting Fellow, SEC’s Office of the Chief  Accountant

Ø Steve Park, Partner, CCR LLP

This program will offer two CPE credits.

Learning Objectives: 

After completing this course, you should be able to:

Ø Understand the differences between US GAAP and Global Accounting Standards.

Ø  Explain how your company’s operating results are likely to differ under the new standards, and how this will impact shareholders.

Ø Appreciate the unique challenges faced in academia as they balance teaching current accounting rules that are certain to soon be outdate with rules that are not immediately relevant.

Ø Know the difference between rules-based systems of accounting with a judgment-based system.

Ø Formulate a strategy that will lead to a successful implementation of the new standards.

Program Content: 

Ø  Objectives of financial statements and why they are being adopted

Ø  Application of accounting policies

Ø  Reporting financial performance

Ø  Implementation Issues

Ø  CFO’s perspective:  Challenges faced and lessons learned

Ø  How academia is changing its curriculum to stay current and with an eye on the future

Registration Information: 

You may register online at http://cfort12march2009.eventbrite.com   Attendance is free to members of the CFO RoundTable.  Financial executives who are not members of the CFO RoundTable can attend for $60.  Attendance to this session is limited to financial executives.

Refunds and Complaints:

For information regarding refund, complaint, or program cancellation, please email Jack McCullough at jack@thecforoundtable.com 

Other Information:

Recommended CPE Credits:  2.0

Program Level:  Intermediate

Program prerequisites:  None

Advanced Preparation:  None

Delivery Method:  Group-Live

The CFO RoundTable is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.