Posts Tagged ‘GAAP’

Accelerate Group Financial Close: Speed Your Closing Cycle and Reduce the Cost of Compliance

The requirement to close books quickly and with quality is emerging again as an important project for today’s global finance function, especially with the increasing amount of regulatory change, including the adoption of International Financial Reporting Standards (IFRS) and requirements to file financial statements in Extended Business Reporting Language (XBRL).

During this Webcast, you will hear from The Paragon Consulting Group, a member of PricewaterhouseCoopers LLP, as well as SAP, the market leader in enterprise performance management (EPM) solutions, how companies can speed their closing cycles and reduce the cost of compliance.

From this Webcast you will discover:

• The latest research into the year-end close cycle metrics of the world’s largest organizations
• Key barriers to a fast, high-quality group financial close
• Solutions to help organizations improve and sustain their close times

Presenters:

• James Fisher
  Senior Director Solution Marketing
  Enterprise Performance Management, SAP 
• David J.H. Jones
  Director, Paragon Consulting Group, a member of PricewaterhouseCoopers LLP
• Mark C. Herpin, CPA.CITP
  Financial Planning Manager
  IBERIABANK Corporation

DATE: Wednesday, March 3, 2010  TIME: 11 A.M. Eastern Time (U.S.) DURATION: 60 minutes

Register Today! 

There are no delusions that converting from GAAP to IFRS will be herculean effort for most tax departments, but with the increasing globalization of business the switch is inevitable.

However, peril can be turned into promise!

SAP explores the process changes, the technology shifts and the inherent benefits of the GAAP to IFRS changeover in the insightful white paper “Streamlining Your Conversion to IFRS: Challenges, Choices, and Transformative Technologies.”

Learn more at SAP.com and be sure to come back to Tax 2.0 to discuss your IFRS war stories.

Read this Whitepaper wrap-up of the Webcast sponsored by the Tax Governance Institute and KPMG on the tax consideration associated with converting from GAAP to IFRS.

Click here to download the PDF from the KPMG Website!

What to expect and how to prepare for the R&D and Intangible Assets transition from U.S. GAAP to IFRS

Innovation is critical to the current and future success of many technology companies. The financial reporting for R&D and internally-developed intangibles can significantly differ between IFRS and U.S. GAAP. Please join KPMG and Financial Executives International (FEI) for a Webcast that will provide practical insights into how a transition to IFRS from U.S. GAAP can impact technology companies’ accounting for R&D and Intangible Assets.

Visit KPMG IFRS Institute for details.

The Securities and Exchange Commission remains committed to its proposal to require publicly-traded U.S.-based firms to adopt international financial reporting standards (IFRS) within the next two years.

How should you prepare for the transition from generally accepted accounting principles (GAAP) to IFRS? And could the move from GAAP to IFRS help or hinder your company’s efforts to shorten its time to close?

Visit Cfo.com for the full article.

A webinar from Infor, a business software developer, details ways your company can prepare for conversion.

Visit businessfinancemag.com for the full article.

Lease accounting continues to be controversial and complicated. The FASB and the IASB are working on a joint project to radically restructure lessee accounting, but in the meantime important differences remain between US GAAP and IFRS. This webcast, offered by Compliance Week, will briefly explore current differences in the accounting for lease transactions, including land leases, investment property, and sale and leaseback transactions with a brief look ahead at what changes are under discussion at the FASB and the IASB.

Visit Complianceweek.com for the full article.

FASB has significantly changed the accounting for employee benefits in the past two years, creating additional differences between U.S. GAAP and IFRS. This webcast, offered by Compliance Week, will explore current differences in the accounting for employee benefits, including compensated absences, post-employment benefits, and post-retirement benefits, with a brief look ahead at what changes are under discussion at IASB.

Visit Complianceweek.com for the full article.

WebCPA.com reports on a study by professors at Oxford University which found that a majority of the 749 CFOs they surveyed from the U.S., Germany, France and the United Kingdom favor international standards. But many question; are global accounting standards achievable?

Visit WebCPA.com for the full article.

Article from CFO.com regarding the release of the SEC roadmap for transitioning U.S. companies to international accounting rules, which includes the estimated costs.

Visit CFO.com for the full article.