IFRS: Managing the transition

Manage the transition to financial reporting under IFRS

All EU listed companies report under IFRS (International Financial Reporting Standards) in their group accounts. The UK’s Accounting Standards Board has proposed that some UK companies and other reporting entities will be required to, or have the option to, move to a more IFRS-based financial reporting framework. There is potential for the US to consider a transition to IFRS in the future, as are many other countries such as India and Japan.

The switch from local accounting standards to IFRS must be well thought-out, and its implications understood. It is easy to think that only those involved with accounting and finance need to get involved or will be affected by it. However, the lessons learned by the EU’s listed companies in the last phase of conversion to IFRS indicate that a much broader perspective is needed, and that the conversion must be treated as a project to be carefully planned and executed.

 
Use promo code FF101 at checkout to receive the Financial Fluency special price
Use promo code FF20 at checkout to receive £100 discount on 5 or more courses

At the end of this online CPD course you will be able to

• Understand why the change to IFRS is happening
• Know the reporting requirements for small and medium sized companies
• Consider the costs of the transition
• Plan a transition from financial reporting to IFRS
• Understand the non-financial implications of switching to IFRS

This course is written for accounting and finance professionals at all levels in practice and industry. It is also relevant to business owners considering a switch to IFRS, non-financial managers and board members in any size company, audit committee members.

Key areas covered

• The regulatory regime
• The IFRS transition project
• Introducing IFRS reporting
• The non-financial implications of reporting under IFRS

        

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Flexible learning

Learners take their own route through the topics covered in the course. They will learn at their own pace through a variety of activities designed to accommodate a range of learning styles.

About the author of Managing your Transition to IFRS

Lisa Weaver is a professionally qualified lecturer with 15 years experience of exam-based, and CPD lecturing for accounting and finance professionals.

Lisa qualified ACA with Deloitte, and spent 4 years in audit practice, with clients ranging from major charities, multi-national organisations and listed companies to football clubs.
 
Since leaving audit practice, Lisa has lectured financial reporting, audit and governance subjects, developing and delivering CPD courses for qualified accountants working in industry and in practice.

Her clients have included KPMG, PWC, National Grid, British Energy, Orange, ACCA, AAT, ICAEW and CIMA. Lisa has delivered courses across Europe, the Caribbean, China and South East Asia and is regularly published in ACCA’s Accounting and Business journal.

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Course Price and Features

 
Use promo code FF101 at checkout to receive the Financial Fluency special price
Use promo code FF20 at checkout to receive £100 discount on 5 or more courses

• This course provides 4 hours of verifiable CPD
• You can access the course unlimited times for 120 days following purchase
• Full price = £75 (plus VAT) less 10% Financial Fluency discount = £67.50 (plus VAT)

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