Canada-U.S. Accounting and Reporting

Preparing for New GAAP and Regulatory Issues
That Impact Your Financial Reporting

Optional Workshops: Friday, March 28, 2008

9:00 - 12:00 Workshop One Consolidating IFRS and Canadian GAAP Differences Anna Roux, Senior Manager, Assurance and Advisory, Deloitte & Touche LLP Tiffany Marr, Senior, Assurance and Advisory, Deloitte & Touche LLP This workshop will build on sessions from the previous two conference days. Also cover a brief overview of disclosure requirements for each of the standards outlined below. Certain differences between Canadian GAAP and IFRS will be discussed in depth and case studies completed to provide participants with an opportunity to determine practical considerations when bridging these GAAP differences: Property, plant, and equipment (IAS 16): elements of costs, components, and depreciation Impairment of assets (IAS 36): concepts of cash generating unit, recoverable amount, and applying the "trigger test" Provisions, contingent liabilities, and contingent assets (IAS 37): concepts of provisions versus contingencies   1:00 - 4:00 Workshop Two Disclosure Considerations during the Transition to IFRS and Subsequent Considerations Anna Roux, Senior Manager, Assurance and Advisory, Deloitte & Touche LLP Nafeesa Samji, Senior, Assurance and Advisory, Deloitte & Touche LLP This workshop will build on sessions from the previous two conference days. This workshop will build on the morning workshop session which provides an opportunity to practice the measurement requirement under IFRS for certain standards. During the afternoon session participants will be provided with the opportunity to gain an understanding of and plan for the disclosure requirements during the transition to IFRS and subsequent disclosure considerations. The first part of the workshop will focus on the disclosure considerations under the Accounting Standards Board Strategic Plan to be finalized in March 2008. Key milestones: 2008/2009 financial statement disclosures of convergence plans Preparation and allocation of resources Impact on systems and resource considerations This workshop will illustrate the extensiveness of IFRS-prepared financial statements and IFRS's differences from Canadian GAAP financial statements. Get an approach for obtaining supporting information, along with guidance and examples you can use in the preparation of IFRS financial statements.   REGISTER NOW See Program Overview