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IFRS – FINANCIAL STATEMENT PRESENTATION (1 DAY)

IFRS (International Financial Reporting Standards) is coming to Canada. By 2011, all publicly accountable companies, public companies listed on the Toronto Stock Exchange and crown corporations, will be required to report their financial results using IFRS instead of Canadian GAAP.

The presentation of financial statements under IFRS will look very different than that which exists under Canadian GAAP. Some statements are similar to what exists today but have different presentation formats. It is important to understand the new formats.

Topics covered

  • The new Balance Sheet format
  • The new Income Statement format
  • The new Cash Flow Statement format
  • Statement of Changes in Equity
  • New statements required under IFRS
  • New note disclosures solely related to statement presentation
  • Proposal for changing presentation format

Workshop format

This workshop is highly interactive. Participants will see the impact of the new accounting standards adn presentation formats first hand by working through exercises and reviewing statements.

Who will benefit

This course will benefit both accountants as well as the users of financial statements. It is designed to help financial professionals and non-financial professionals understand some of the major differences between Canadian rules and IFRS. It will highlight some of the major impacts that the new presentation standards could have on Canadian companies.

Price: $649

Accounting

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