REFORMATTED FINANCIAL STATEMENTS: Inaction Can Lead to Complacency
Total Credits: 4
- Average Rating:
- Not yet rated
- Categories:
- Accounting and Auditing | ACPEN Industry Institute
- Faculty:
- William F. O’Brien, MBA, CPA
- Duration:
- 3 Hours 32 Minutes
- License:
Description
Many financial professionals are aware of the pending adoption of International Financial Reporting Standards (IFRS) in the United States. However, most financial statement users are not aware that, independent of IFRS adoption, the form and content of the primary financial statements may change as a result of the FASB-IASB convergence project. This reformatting of the basic financial statements as many of us know them will result in significant measurement and systems modification. In addition, enterprise-wide user re-education will be mandatory. As we go to print, the FASB and the IASB have retained this item on their 'deferred agenda'. Both Boards plan to resume deliberation after the priority convergence items are fully addressed. Due to this deferral, the risk all companies face is the failure to pay attention to the impact of these proposed changes. Now is not the time to be complacent! Take advantage to begin your reformatted financial statement planning process now!
Basic Course Information
Learning Objectives *Financial Statement Reform Genesis and It's Current State *A detailed tour of the proposed changes. *Remaining differences between the FASB and IASB versions *Critical business issues driven by the proposed changes. *10 action items for you to take today in preparation for these changes.Major Subjects *FASB *IASB *Reformatted Financial Statements
Course Materials
| AII-RFS-0114 | Available after Purchase | ||
| Important CPE Credit Information_2014 | Available after Purchase | ||
Faculty
William F. O’Brien, MBA, CPA Related Seminars and Products
WILLIAM F. O’BRIEN, MBA, CPA, is a financial management consultant and educator with over 40 years of experience. He has held senior financial management positions with Intel Corporation and ROLM Corporation and served as CFO for several emerging high technology companies. Mr. O’Brien has extensive experience in corporate planning, financial analysis, cash management and managerial accounting in both domestic and international settings. He has served on the faculties of Santa Clara University and San Jose State University and is a frequent financial seminar speaker in both the U.S. and abroad.
Additional Info
Basic Course Information
Advanced Preparation NoneCourse Developer William F. O?Brien
Designed For Anyone responsible for presenting or attesting regarding financial statements.
Original Recording Date 1/16/14
Prerequisites None
Additional Information
Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).Instructional Delivery Method Group Internet Based
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org