8:00 - 8:30 | |
Continental Breakfast |
8:30 - 8:45
Opening Remarks from the Chair
Phillip Lev, Partner, Assurance and Advisory, Mintz & Partners LLP
8:45 - 9:45
Road to Transition: A Look at IFRS 1 and a Discussion of First-Time Adoption
Jim Menzies, Partner, Assurance and Business Advisory Services, Grant Thornton LLP
- Overview of IFRS 1 for first-time adopters
- Impact on the opening balance sheet and comparative periods presented
- Clarification of limited exceptions available on initial adoption
- Disclosures to explain the transition from previous GAAP to IFRS
- Key areas that may be impacted by initial adoption
9:45 - 10:45
Case Study
Lessons Learned in Making the Transition to IFRS
Chris Thatcher, Senior Manager, Audit, Deloitte and Touche LLP
- Get useful strategies and tips for successful IFRS implementation
- Gain practical examples from other companies that converged
- Understand what you can do better to successfully undergo the convergence
10:45 - 11:05 | |
Networking Break |
11:05 - 12:05
IFRS Transition: Specific Implications for U.S.-Listed Companies
Sean Morrison, Senior Manager, Complex Accounting and Transaction Expertise Group, Deloitte & Touche LLP
- Comprehend the implications of the transition to IFRS for companies listed in the United States
- Making the choice between U.S. GAAP or IFRS
- Future IFRS developments that will affect your company
1:30 - 2:30
Differences between Canada and U.S. GAAP and IFRS in Relation to Tax Accounting
Pamela Zabarylo, Associate Partner, Tax, KPMG LLP
- CICA/IASB/FASB convergence on accounting for income taxes
- Explaining the differences between the income tax standards in GAAP
- Convergence of accounting for uncertain tax positions
- GAAP differences that may impact accounting for income taxes
2:30 - 3:30
Understanding Revaluation under IFRS
Luzita Kennedy, Senior Manager, Complex Accounting and Transaction Expertise Group, Deloitte & Touche LLP
- How IFRS accounting will allow you to perform more revaluations more often
- Major requirements to keep you up to date and on point
- How revaluation will affect your disclosure requirements, in the event you don't make revaluations
- Understanding the difference between the Revaluation Model and the Fair Value Model
3:30 - 3:50 | |
Networking Break |
3:50 - 4:50
Impairment of Assets: What It Means for You
Marilyn Stitt, Partner, National Assurance and Professional Practice, KPMG LLP
Erin Taylor, Senior Manager, Professional Practice, KPMG LLP
- Understand the impairment testing model under IFRS
- Discover the differences between Canadian GAAP and U.S. GAAP
- Examine key areas that will affect you the most
4:50 - 5:00
Closing Remarks from the Chair
Phillip Lev, Partner, Assurance and Advisory, Mintz & Partners LLP
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