CFO/CEO/CIO Finance Director/Manager/Controller Auditing Manager Accounting Manager Investment/Finan

课程对象：

CFO/CEO/CIO

Finance Director/Manager/Controller

Auditing Manager

Accounting Manager

Investment/Financial/Equity Analysts

课程背景：

Currently over 9,000 European companies have converted to IFRS for financial reporting, countries such as Brazil, Canada, China, India, Japan, Malaysia, Nigeria, Russia, and the USA, are adopting or converging their financial reporting standards to IFRS. In the next 2-4 years all major countries are expected to adopt these new principles-based standards. China, has set itself the objectives of fostering investors’ confidence in financial information, increase transparency of financial reporting, and harmonize with International Financial Reporting Standards (IFRS).

Great changes will take place in 2011 for IFRS, in this critical year, what key milestones can help you to ensure you will be well prepared for filing your first interim IFRS financial statements 2011 will be discussed in this training.

This training is appropriate for both the novice in IFRS financial reporting who needs to be up-to-date quickly, and the veteran financial professional who is looking for a refresher course which including current issues and projects. In this course we will take a close look at the recent release for private companies of IFRS for Small and Medium-sized Enterprises (SMEs). In addition, the training will provide updates on the most recent IFRS developments as well as detailed guidance on the implementation of several specific IFRS standards. It will equip the participants to more effectively transition to IFRS in 2011 or thereafter. Furthermore, the presenter from the United States will provide distinct guidance on the differences between IFRS and U.S. GAAP.

课程收益：

Cementing your knowledge of IFRS with hands-on case studies and examples

Developing a deep understanding of IFRS and its impact on financial reporting

Technical analysis and discussion on the latest strategic updates and future direction of IFRS

Implementing IFRS accounting for assets, liabilities and owners equity

Providing recent updates on the hottest issues including IFRS for small and medium-sized entities

Detailed guidance on the implementation of several specific IFRS standards

课程大纲：

Globalization and Updates of IFRS

MOU’s and Latest Developments at the IASB

Status of Convergence with the U.S. GAAP

Roster of IFRS 2009-2010 Updates

The New IFRS Taxonomy 2011

Current update of the lease accounting – a major changes

Update of the financial instruments and hedge accounting

IFRS – SMEs (Small and Medium Sized Enterprises)

Issued 2009

Who Does It Apply To?

Definition of SMEs

Differences Between “Full” IFRS and “IFRS for SMEs”

IFRS and Fair Value Considerations

IAS 37: Provision, contingent liabilities and contingent assets

Principle to make provision

Contingent liabilities, when provision is required

IAS 18: Revenue

Revenue recognition principles

Revenue recognition for multiple deliveries

Current update of revenue recognition

IFRS 2 Share Base Payments

Employees share option scheme

Valuation of the options

Accounting for the employee share option

IFRS 3 Business Combinations

What constitute a business combinations

Valuation of the intangible assets and goodwill accounting

Issues of Non-controlling interest

IFRS 23 Borrowing Costs

IFRS 27 Consolidated and Separate Financial Statements

IAS 36: Impairment of assets

Impairment of fixed assets, intangible assets and goodwill.

How to calculate the impairment?

Recent Disclosures in Published Financial Statements

IFRS VS US GAAP

SEC Roadmap Status

Recent AICPA IFRS Preparedness Survey

Key U.S. GAAP Differences

U.S. GAAP Codification

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