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.
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.
Why You Should Attend:
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.
- Old GAAP vs. IFRS
- The four key principles of IFRS
- A new valuation model – is historical cost gone completely?
- 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
- Business Owners
- Compliance Managers and Officers
- Risk Managers and Officers
- Presidents/Vice Presidents
- Board Members
- External Auditors
- Operational Professionals
- Finance Professionals
- Internal Auditors