IFRS Convergence - Calgary
Strategies and Solutions for a Seamless IFRS Transition
Conference: June 11 and 12, 2008
Optional Workshops: June 13, 2008
NEW: Coast Plaza Hotel and Conference Centre · Calgary, Alberta
Conference Program Agenda - Day Two
Thursday, June 12, 2008
| 8:00 - 9:00 |
Continental Breakfast |
8:00 - 9:00 |
9:00 - 9:15
Opening Remarks from the Chair
Jason Kingshott, Partner, Myers Norris Penny LLP
9:15 - 10:15
Latest Updates from the Accounting Standards Board
Mark Walsh, Principal, Accounting Standards Board of Canada
- AcSB's plans for adoption of IFRS in 2011
- New accounting standards for 2008
- New international accounting standards on the horizon
- Understanding general timelines in preparation for IFRS conversion
- Implications for US filers
| 10:15 - 10:35 |
Networking Break |
10:15 - 10:35 |
10:35 - 11:35
Developing an Effective Implementation Plan: Lessons Learned
in the Transition to IFRS
Chris Howe, Director, Advisory Services, PricewaterhouseCoopers
LLP
- Starting points for conversion
- How to incorporate the IFRS conversion into your
- internal and external communications
- MD&A and financial reporting documentation
- investor relations
- internal controls
- financial statements
- Practical advice on IFRS implementation
- Strategies used by those who have already implemented IFRS
- Overcoming challenges during the conversion period
- Sustainable IFRS reporting
11:35 - 12:35
Canadian Pacific Railway’s Transition to IFRS
Iain Robertson, Manager, Accounting Policy and Special Projects
Canadian Pacific Railway
- Tips and traps
- Assessing IFRS and Canadian GAAP differences
- Planning for implementation
- Communicating to stakeholders
| 12:35 - 1:50 |
Luncheon Break |
12:35 - 1:50 |
1:50 - 2:50
Understanding Fair Value under IFRS
Gerard Black, Associate Partner, IFRS Conversion Services Group, Deloitte
& Touche LLP
Tiffany Marr, Senior Manager, IFRS Conversion Services Group,
Assurance and Advisory, Deloitte & Touche LLP
- Fair value considerations when adopting IFRS
- Impact on disclosure requirements
- Understanding fair value and revaluation as deemed cost on adopting of IFRS 1
- Understanding the difference between the Revaluation Model and the Fair Value Model
| 2:50 - 3:10 |
Networking Break |
2:50 - 3:10 |
3:10 - 4:10
Impairment of Assets: Conversion Considerations
James Dyack, Senior Manager, IFRS Conversion Services Group, Deloitte & Touche LLP
Nafeesa Samji, Manager, IFRS Conversion Services Group, Deloitte & Touche LLP
- Understand the impairment testing model under IFRS
- Differences between Canadian GAAP and IFRS that affect impairment of assets
- Examine key areas that will affect you the most
4:10 - 4:30
Open Forum and Discussion
| 4:30 |
End of Conference |
4:30 |
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