IFRS: Tackling Key Concerns for the Oil and Gas Industry
Get Expert Guidance and Learn Exactly What You Need to Know to Make an Effective Transition to IFRS
December 1 and 2, 2009
Optional Workshops: December 3, 2009
CALGARY, ALBERTA
Optional Workshop Program Agendas
Thursday, December 3, 2009
9:00 - 12:00
Workshop One
Can Your System Handle IFRS? Resourcing, Project Management, and Communication Strategies for IFRS
Marcus Guenther, Vice-President, FocusROI Inc.
Ensure that your company's systems are in place to handle the transition to IFRS. The workshop will address the following key issues:
- Managing external and internal communications
- Need for project management
- Reviewing the impact on your internal controls and certifications
- Just-in-time training
1:00 - 4:00
Workshop Two
Making an Effective Transition: How to Convert Your Canadian Records to IFRS
Sean du Plessis, Senior Manager, Meyers Norris Penny LLP
The adoption of IFRS will have a significant impact on the preparation of financial statements for companies in all industries, but will create particular challenges for the oil and gas sector. This in-depth and interactive workshop will help provide guidance to oil and gas companies implementing IFRS and provide participants with an opportunity to determine practical considerations when bridging the GAAP-IFRS differences.
- Identifying areas of focus for prioritization of conversion efforts
- Allocating resources, preparing, implementing, and monitoring your transition plan
- Disclosures to explain the transition from previous GAAP to IFRS
- Lessons learned from those in the conversion process
- Sustainable IFRS reporting: making it a process versus a one-time project
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