[Executive Education, Inc. - Seminars for Corporate Financial Managers & Management Advisory Services]

[New!]Full Day Seminar

Convergence and Private Company Accounting

More Changes on the Financial Reporting Horizon

In the next twelve months, accounting in the United States will change forever.  While most financial professionals are aware of International Financial Reporting Standards’ (IFRS) impact on public companies, many are not sensitive to the potential changes resulting from FASB’s convergence project and the affect of proposed accounting standards for non-public companies.

This course focuses on convergence and private company accounting.  Whether or not IFRS becomes the basis for U.S. accounting standards, the convergence and private company accounting will impact activities well beyond financial reporting.  Awareness of IFRS adoption efforts by the SEC is one thing; understanding how FASB’s convergence project and private company reporting can affect your company is a very different issue. You cannot afford to miss this critical, entertaining and interactive course.

Topics Discussed:

  • The major convergence elements:
    • Revenue recognition
    • Lease accounting
    • Financial instruments
    • Other Comprehensive Income presentation
  • How convergence will change your basic financial statement presentation
  • Potential alternatives for private companies.
  • The critical operations issues driven by these comprehensive changes
  • Ten action items for you to take today as you prepare for the unpredictable times ahead.

Cases and Group Discussion

This seminar includes six group exercises.

Additional Information

Target Audience: CFOs, controllers and managers involved with financial reporting

Level of Knowledge:Update

CPE Credit:8 hours group live

Area of Study: Accounting

Prerequisite: None

Adv. Preparation:Bring a calculator

Author: Bill O'Brien

Acronym: CPCA

Scheduling: To provide a multi-day series, schedule with Corporate Finance Check-up or Fraud Alert!