IFRS Conversion

by Ken Marshall; Steve Arnold

• ISBN13: 9780470643334
• ISBN10: 0470643331
• Format: Hardcover
• Copyright: 2011-10-01
• Publisher: Wiley

Summary

IFRS conversion presents challenges to several levels of an organization. The stakeholders at each level need a way to understand what issues IFRS conversion presents to financial reporting and financial systems. They need a way to assess the implications of conversion on their organization, its operating units, and their business processes; and they need to learn about the steps to effecting such conversion. They also need examples from IFRS projects outside the US that offer insights on what to plan for?and what to avoid.In sum, these key audiences?accounting, tax accounting and tax professionals, executives, board members, and operational managers need a dedicated reference book that addresses conversion to IFRS for US-based companies or those registered with the SEC.IFRS Conversion: Issues, Implications, Insights will include chapters on the following: More Than an Accounting Change: An Overview of IFRS and Its Impact Planning the IT Conversion: Approaches to Enterprise Systems Change Two Sets of Books? Running IFRS and US GAAP in Parallel The Perspective from Tax: Tax Accounting, Planning & Compliance The Implications for Corporate Departments: Treasury & Legal Compensation Plans & Employee Benefits: The IFRS Implications for HR The Operations Impact: Budgeting, Forecasting, & Internal Financial Management The Controls Environment: Financial Risk Management & Internal Controls The Wider Circle: Change Management, Education, & Investor Relations A Primer on Conversion Project Management: How IFRS Fits into Enterprise Program Management