OBJECTIVE:
The seminar will cover all of the International Financial Reporting Standards (IFRS) incorporated as part of CPA Canada Handbook – Accounting – Part I. The focus is on the IFRS standards that apply to most profit-oriented entities.  Participants will also be provided with information on IFRS standards currently under development and the potential impact on financial statements. At the end of this two-day seminar you will be aware of the foundation of IFRS and be able to explain IFRS content. Examples and exercises are incorporated throughout the session for you to identify application issues.

WHO WILL BENEFIT:
Professionals who work in financial reporting and related areas of publicly accountable enterprises or other enterprises applying IFRS, who are reading financial statements of publicly accountable enterprises, or who wish to be able to explain IFRS standards. Audit committee members who would like to gain an understanding of IFRS may also find this to be a useful seminar.

LEARNING OUTCOMES:
By the end of this course, participants will be able to:

• explain the IFRS standards that apply to most profit-oriented entities,
• identify changes to IFRS and impact on financial statements,
• summarize current developments in IFRS, and 
• list relevant resources (with links).
  

PREREQUISITE:  
Familiarity with CPA Handbook – Accounting Part I is useful but not required.