{"id":5208,"date":"2012-03-01T13:47:49","date_gmt":"2012-03-01T13:47:49","guid":{"rendered":"https:\/\/www.financial-fluency.co.uk\/"},"modified":"2019-12-09T12:28:50","modified_gmt":"2019-12-09T12:28:50","slug":"financial-reporting-under-ifrs","status":"publish","type":"page","link":"https:\/\/www.financial-fluency.co.uk\/online-learning\/financial-reporting\/financial-reporting-under-ifrs\/","title":{"rendered":"IFRS: Managing the transition"},"content":{"rendered":"
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All EU listed companies report under IFRS (International Financial Reporting Standards) in their group accounts. The UK\u2019s 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.<\/p>\n
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\u2019s 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.<\/p>\n
\u2022\tUnderstand why the change to IFRS is happening 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.<\/p>\n \u2022\tThe regulatory regime <\/a> <\/a><\/p>\n
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\nUse promo code FF101<\/strong><\/font> at checkout to receive the Financial Fluency special price<\/em>
\nUse promo code FF20<\/strong><\/span> at checkout to receive \u00a3100 discount on 5 or more courses<\/em><\/p>\n\nAt the end of this online CPD course you will be able to<\/h3>\n
\n\u2022\tKnow the reporting requirements for small and medium sized companies
\n\u2022\tConsider the costs of the transition
\n\u2022\tPlan a transition from financial reporting to IFRS
\n\u2022\tUnderstand the non-financial implications of switching to IFRS<\/p>\nKey areas covered<\/h3>\n
\n\u2022\tThe IFRS transition project
\n\u2022\tIntroducing IFRS reporting
\n\u2022\tThe non-financial implications of reporting under IFRS<\/p>\nExample feedback<\/h3>\n