Analyzing IFRS Financial Statements - What's the Difference?

OVERVIEW

This training program will answer questions related to IFRS financial statements and compare them to GAAP based statements using numbers from examples that come from every-day life. The course will also analyze the four key principles of IFRS and the cash flow statement, and discuss using financial statement notes to decode the numbers.

WHY SHOULD YOU ATTEND

• This webinar will help attendees recognize the significant differences between IFRS financial statements and GAAP financial statements. They will also learn a consistent method of comparing successfully with the two methods of accounting.
  
  Although the focus will be on the two main differences which are asset valuation and revenue recognition rules, the cash flow statement will also be examined in detail to provide a quick way of assessing a company's ability to survive, pay its bills, and even grow.
  
  Further, attendees will be able to look at GAAP and IFRS financial statements to facilitate making economic decisions such as investing and lending. In addition, by looking at practical examples that highlight the fundamental differences introduced by IFRS, they will learn a unique approach to assessing a company's cash flow and its subsequent ability to pay bills.
• How do you compare the old GAAP statements with the new IFRS statements?
• What about volatility in the valuation of significant assets? How does it affect bank financing and collateralization?
• If a business combination occurs, how are assets transferred?
• These are among the central themes of the presentation. The speaker will address these and more on how the change from GAAP to IFRS modifies the requirements for the notes to the financial statements and the rules going forward for reevaluating the impairment of goodwill on a year-to-year basis.

LEARNING OBJECTIVES

• Old GAAP vs. IFRS
• The four key principles of IFRS
• A new valuation model - is historical cost gone completely?

AREAS COVERED

• How revenue has changed under IFRS - how crucial can it be?
• Follow the money - deciphering the cash flow statement
• Using financial statement notes to decode the numbers

WHO WILL BENEFIT?

• Business Owners
• Compliance Managers and Officers
• Risk Managers and Officers
• Controllers
• Presidents/Vice Presidents
• Managers/Supervisors
• CEO/CFO
• Board Members
• External Auditors
• Operational Professionals
• Finance Professionals
• Internal Auditors

SPEAKER

Mike Morley is a Certified Public Accountant who holds the top credit designations in the US, and Canada. Mike is a recognized authority in the field of finance with more than 25 years’ experience in both consumer and commercial credit and collections. An entertaining and informative speaker and trainer, Mike is the author of:

“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

“IFRS Simplified”, which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.

“Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.

“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

Others Details

Time: 01:00 PM EST| 10:00 AM PST