Most financial professionals are aware of the pending adoption of International Financial Reporting Standards (IFRS) in the United States. Many of these executives and managers; however, are not fully knowledgeable of the enterprise-wide business transformation that this change will represent.
In addition, most financial statement users are not aware that, independent of IFRS adoption, the form and content of the primary financial statements are likely to change as a result of the FASB-IASB convergence process.
Both of these pending events are expected to occur within the next 3-5 years. That might sound like an eternity; but, in the 24/7 business environment in which we operate, it is simply a moment in time.
This entertaining and interactive session will help you prepare for the inevitable by: · Exploring the impact of the proposed converged financial statement format changes · Introducing 10 business issues inherent in the IFRS adoption process · Highlighting 10 adoption action items for you to consider TODAY, and · Giving you the opportunity to hear IFRS adoption preparation efforts from both large and small companies.