IFRS IN CANADA – 2010 & Beyond 
Business Issues and Conversion Strategies

A Comprehensive Examination for Canadian Reporting Entities on First Time Adoption Of  IFRS and Related Operational Considerations
 
May 26 - 27, 2010 • Grand Hotel & Suites • Toronto

Conference Overview

With just a few short months to go until January 1, 2011, the IFRS crunch is upon us.  Time lines are short, available resources (internal and external) are scarce, new standards are pending and there will be no extensions of deadlines. Your auditors and regulators are both holding to inflexible expectations for your conversion and the results of non-compliance will have costly consequences in terms of remedial efforts and market perception.
 
Ongoing turmoil in the financial markets and the economy does not relieve the compliance burden.  In fact, given the defaults and problems that have come to light, regulators and market watchers will be more focused than ever on sound management and effective governance.  Key to this will be your effective transition to IFRS and managing the financial statement volatility this will generate.  Providing clear and consistent disclosure during this period will be vital to how you are perceived in the marketplace. On the other side of December 31, will be the initial reporting crunch of year-end and interim disclosures that will be onerous and time-consuming to generate.
 
Moreover, the IASB is very active in refining existing standards and generating new standards that must be anticipated in your current planning for their impact.  As the deadlines draw closer, significant changes are ongoing and impact your projects. There have been several major standards or exposure drafts issued recently that affect your IFRS agenda and ongoing business decisions including:

  • Fair Value Measurement
  • IAS 39 replacement for financial instruments and hedge accounting
  • Provisions    
  • Consolidations, joint ventures and de-recognition     
  • Revenue recognition
  • Leases
  • Financial statement presentation

IFRS In Canada – 2010 & Beyond has been specifically tailored to meet your immediate information needs for executing this monumental challenge.  This conference will provide an up-to-date examination of  issues that are arising as companies move towards the December 31st deadline of converting to IFRS.
 
IFRS In Canada – 2010 & Beyond provides the most complete examination of this challenging process that you will find anywhere in Canada.  With an operation focus on transition and implementation, this event will walk you through

  • IFRS Conversion – assessing your progress and “going live”
  • Standard-setting update from the AcSB – more changes to come
  • IFRS presentation and disclosures – 2011 135 day crunch
  • Fair value accounting including the new Exposure Draft
  • Consolidated financial statements including ED 10 implications
  • Financial instruments and hedge accounting – getting to 2011 and the IAS 39 replacement project
  • MD&A 2010 – what your first IFRS disclosures must report
  • OSC perspective on regulatory compliance for IFRS conversion
  • IFRS IT systems and data management
  • Internal controls and IFRS – certification considerations
  • Issues and strategies for small and medium-size public companies
  • Provisions and contingencies including non-financial liabilities
  • 3 CASE STUDIES
    ******************** – Practical IFRS Conversion Issues at WestJet
    ******************** – Experiences in Rolling Out IFRS at
    Co-Operators Group
    ******************** – Implementing IFRS at a Complex Organization

This signature event provides a first-hand opportunity to hear from, and speak with, leading national experts on IFRS and the critical, related topics of governance, tax and systems management.  In addition, you will have a unique opportunity to meet with your peers to discuss how they are responding to the challenges of this major development for accounting, internal control and financial reporting.