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Comparison of IFRS
and US GAAP Workshop


Date: 24 Jul '09
Time: 9:00am - 5:00pm

CPE/CPD: 7 hrs

1 About the seminar
...................................................................................

In spite of the convergence movement embarked upon by the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) of the United States, there are still specific and noteworthy differences between the International Financial Reporting Standards (IFRS) and the Statement of Financial Accounting Standards (SFAS) that may have an impact on financial statements prepared under either system. With the globalization of the business environment and the extensive reach of cross-border investments and international finance, knowledge of these two primary accounting regimes is valuable and necessary to preparers, global investors, bankers and stakeholders.

This seminar not only reviews but also illustrates the major differences between the standards issued by the IASB and those issued by the FASB of the United States.

This seminar provides:

• An in-depth review of the major differences between IFRS and SFAS relating to specific accounting   areas

• Generous use of illustrations and examples to show the impact on financial statements under the    different requirements of the IFRS and SFAS

• An analysis of the on-going convergence movement and future directions


1 Who should attend?
.....................................................................................................................................................................................

The seminar will benefit many participants including:

• Corporate accountants and other accounting professionals of multinational, dual-listed or global      companies

• Institutional investors, financial analysts and stakeholders who need to interpret financial      statements prepared under either US GAAP or IFRS

• Bankers, treasury managers, capital and credit providers who engage in international finance

• Participants who want to enlarge their knowledge base with respect to these two important set of     accounting standards

 

1 Outline
.....................................................................................................................................................................................

The seminar will cover the major differences in the following areas:

• Institutional framework 

     - US GAAP
     - IFRS
     - Convergence project

• Presentation of financial statements

     - Financial statements
     - Presentation of income
     - Discontinued operations
     - Interim reporting
     - Segment reporting
     - Management, discussion and analysis (MD&A) statement

• Group reporting

     - Business combinations
     - Consolidation
     - Foreign currency translation

• Financial instruments

     - Recognition and measurement issues
     - Derivatives and hedging
     - Presentation

• Assets

     - Property, plant and equipment
     - Investment property
     - Intangible assets
     - Construction contracts
     - Inventory
     - Biological assets
     - Mineral resources

• Liabilities and expenses

     - Employee benefits
     - Provisions, contingent liabilities and contingent assets
     - Share-based payments
     - Related party transactions
     - Accounting for tax
     - Leases



1 Facilitator
.....................................................................................................................................................................................

Pearl H N Tan

Dr Pearl Tan is a Practice Associate Professor in Accounting at one of the most widely recognized universities in Singapore and has extensive experience in teaching and developing advanced accounting courses on Financial Reporting Standards.

She has won a number of teaching awards including the Distinguished Teacher Award, Outstanding MPA Teaching Award, Teacher of the Year and the MBA Teacher of the Year award. She also has had in-depth experience in auditing and was an Audit Manager in an international accounting firm prior to joining academia.

She has co-written a book, “Advanced Financial Accounting : An IAS and IFRS Approach” that deals with complex accounting standards and has published papers for international conferences and provided feedback to key policy making bodies.




If you are having trouble registering online then you may download and fill out this registration form and fax it to (65) 65090292.