Webinar: IFRS adoption: Is your Company Ready for Adoption?

Thursday, April 1, 2010 - 3:30 p.m.-4:30 p.m. ET

IFRSs replace Canadian GAAP for public companies for interim and annual financial statements beginning on or after January 1, 2011. The changeover to IFRSs happens in 2011, but affected entities need to make accounting policy decisions under IFRSs - and be ready to start gathering data in accordance with IFRSs - by the beginning of their 2010 fiscal year. Many public companies are still unclear about how the new standards will affect their treasury operations. This webinar will discuss issues with first time adoption as well as compare existing GAAP to IFRS for accounting for financial instruments, including derivatives and hedging activities. While this problem is currently an issue for Canadians, US companies should also beware. The SEC’s roadmap set a convergence date at 2014 which means large companies may have to begin to produce audited IFRS statements alongside their US GAAP statements in 2011-2012.

Speaker(s):
Sylvie Monette-Houle
Senior Manager
KPMG

Mathieu Cuillerier
Manager, Financial Risk Management
KPMG

This webinar has been approved for CTP/CCM and CPE credits. For more information on obtaining CE credits by participating in AFP Webinars, please click here.