Welcome to ACPENWe are pleased to announce the expansion of the ACPEN Industry Institute webcast time offerings in order to accommodate a broader range of schedules. Several alternating weeknights and two Saturdays per month are being added to the mix to give you additional programming options! When registering for webcasts, please make note of whether the course is an AM or PM start time. |
Length: 2 Hours
CPE Credits: 2
Learning Objective 1: Review the content of the proposed reformatted financial statements
Learning Objective 2: Discuss the differences between the FASB and IASB versions of the project
Learning Objective 3: Analyze the impact of these changes on your business operations
Learning Objective 4: Identify critical metrics that the new statements will support
Learning Objective 5: Prepare a to-do list for implementing these coming adjustments
Field of Study 1: A&A
Program Level (Basic, Update, Intermediate, Advanced, Overview): Update
Prerequisites: None
Advanced Preparation: None
Instructional Delivery Method: Group Internet Based
Course Registration Requirements: Online Registration
Course Developer: William O'Brien
Refund/Cancellation Policy: Please contact the ACPEN help desk - 1-800-747-1719 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
Complaint Resolution Policy: Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org
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 are likely to 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 committed to a late 2011 or early 2012 completion date for this agenda item of the project.
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