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| Mike Morley Seminars |
Mike Morley's IFRS Simplified Book |
Knowledge Plus Seminars |
Mike Morley's Seminars
The Gaap.net is pleased to partner with Mike Morley to showcase his new IFRS Seminars, starting in September.
Instructor Profile:
Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience. An entertaining and informative speaker and trainer, Mike is the author of:
Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience. An entertaining and informative speaker and trainer, Mike is the author of:
- “IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.
- “Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.
- “Credit for Canadians” which explains how the Canadian consumer credit industry works.
- “Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.
Seminar Background:
The Canadian Accounting Standards Board has set January 1, 2011 as the official date for publicly accountable enterprises to begin using International Financial Reporting Standards ( IFRS ). On that date Generally Accepted Accounting Principles (GAAP) will no longer be used to prepare Financial Statements in Canada for those companies.
In December 2009, the Canadian Accounting Standards Board (CASB) issued a new set of accounting standards specifically for Canadian privately held companies. As of 2011 private Canadian enterprises have to start using either these new GAAP standards or IFRS.
If you are a private Canadian company, you have to be asking yourself, "If we have to spend money on a switch of accounting standards anyway, should we jump into IFRS?"
Mike Morley's seminars are designed to give you all the information you need to make these and other decisions about IFRS.
Each seminar qualifies for continuing education points for CMA, CGA, CA and the Canadian Institue of Credit.
The Canadian Accounting Standards Board has set January 1, 2011 as the official date for publicly accountable enterprises to begin using International Financial Reporting Standards ( IFRS ). On that date Generally Accepted Accounting Principles (GAAP) will no longer be used to prepare Financial Statements in Canada for those companies.
In December 2009, the Canadian Accounting Standards Board (CASB) issued a new set of accounting standards specifically for Canadian privately held companies. As of 2011 private Canadian enterprises have to start using either these new GAAP standards or IFRS.
If you are a private Canadian company, you have to be asking yourself, "If we have to spend money on a switch of accounting standards anyway, should we jump into IFRS?"
Mike Morley's seminars are designed to give you all the information you need to make these and other decisions about IFRS.
Each seminar qualifies for continuing education points for CMA, CGA, CA and the Canadian Institue of Credit.
- Each registrant will receive a free copy of Mike Morley's IFRS Simplified book from The GAAP.net.
- This means that not only will you get an incredible chance to hear Mike but you will also have access to his wisdom encompassed in his excellent book while getting a discount off the course equal to the value of the book.
- The GAAP.net registrants should mention the code PJC106 and just for confirmation please email us the date that you have registered so that we can keep track of the free books that we will be providing you
Seminars:
Mike's new series of workshops starting in September will teach you exactly how to make the switch. These are a series of hands-on workshops allowing you to practice real-time.Please note: These workshops are designed to be taken sequentially as a series, but can be taken individually.
- Step 1: Converting Your Balance Sheet to IFRS / Private Enterprise GAAP
- Step 2: Converting Your Income Statement to IFRS / Private Enterprise GAAP
- Step 3: Converting Your Cash Flow Statement to IFRS / Private Enterprise GAAP
- Step 4: Preparing Financial Statement Notes for IFRS / Private Enterprise GAAP
- Step 5: Internal Controls for IFRS / Private Enterprise GAAP
Step 1: Converting Your Balance Sheet to IFRS / Private Enterprise GAAP
September 20, 2010
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The first step in switching over to either IFRS or Private Enterprise GAAP is to convert your balance sheet. The choices you make now will have long-lasting repercussions. In this hands-on workshop we will walk through the entire balance sheet, line by line, and examine what changes will need to be made, and what the consequences of these changes will be for the company now and into the future.
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Topics covered will include:
- Setting up your initial balance sheet
- Rules for revaluing assets
- When can you keep historical cost?
- Fair market value vs. value-in-use
- Guidelines for inventory
- Current vs. long-term assets and liabilities
- Contingent assets and liabilities
- Intangible assets including Goodwill
- Discontinued operations
- How Retained Earnings and Equity will change
- Reconciling the GAAP balance sheet with the new balance sheet
- Explanatory notes
- Reclassification of assets
- Financial statement presentation
- Disclosure requirements
- This first class will give you the confidence to know that you are making the right choices when converting your balance sheet.
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Date: September 20, 2010
Time: 9 am - 3 pm
Location: Residence Inn by Marriott Vaughan
11 Interchange Way, Vaughan (Ontario) (Hwy 400 and Hwy 7)
Breakfast, Lunch, and coffee and tea will be provided
Continuing Education Points: Certificates of completion will be provided
Cost:- 1 workshop: $795 + tax
- 2 workshops: $1590 + tax
- 3 workshops: $2100 + tax
- 4 workshops: $2800 + tax
- 5 workshops: $ 3000 + tax
Registration: call Mike Morley at 416-275-1278 or email mike@mikemorley.com
September 21, 2010
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The second step in switching over to either IFRS or Private Enterprise GAAP is to convert your income statement. In this hands-on workshop we will examine the entire income statement, line by line, and see what changes will need to be made to revenue, expenses, and other items.
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Topics covered will include:
- Rules for recognizing revenue
- Timing issues
- Tax effects
- Revenue guidelines for companies selling services
- How to account for reserves (accounts receivable, obsolescence)
- Revaluation and calculating depreciation
- Summarizing and explaining the changes in the income statement
- Financial statement presentation
- Disclosure requirements
- This second class will provide you with everything you need to know to successfully convert your income statement.
- Date: September 21, 2010
Time: 9 am - 3 pm
Location: Residence Inn by Marriott Vaughan
11 Interchange Way, Vaughan (Ontario) (Hwy 400 and Hwy 7)
Breakfast, Lunch, and coffee and tea will be provided
Continuing Education Points: Certificates of completion will be provided
Cost:- 1 workshop: $795 + tax
- 2 workshops: $1590 + tax
- 3 workshops: $2100 + tax
- 4 workshops: $2800 + tax
- 5 workshops: $ 3000 + tax
Registration: call Mike Morley at 416-275-1278 or mike@mikemorley.com
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The third step in switching over to either IFRS or Private Enterprise GAAP is to convert your cash flow statement. In this hands-on workshop we will work through the entire cash flow statement. We will review in detail exactly what changes will need to be made to comply with the new rules.
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Topics covered will include:
- How net income will change
- Non-cash items that affect the new cash flow statement
- The impact of revaluation
- How depreciation will affect cash
- Working capital items
- Changes in reporting Operating, Investing, and Financing activities
- Summarizing and explaining the changes in the cash flow statement
- Financial statement presentation
- Disclosure requirements
- Lots of practice and exercises
- This third class will enable you to successfully convert your cash flow statement.
- Date: September 22, 2010
Time: 9 am - 3 pm
Location: Residence Inn by Marriott Vaughan
11 Interchange Way, Vaughan (Ontario) (Hwy 400 and Hwy 7)
Breakfast, Lunch, and coffee and tea will be provided
Continuing Education Points: Certificates of completion will be provided
Cost:- 1 workshop: $795 + tax
- 2 workshops: $1590 + tax
- 3 workshops: $2100 + tax
- 4 workshops: $2800 + tax
- 5 workshops: $ 3000 + tax
Registration: call Mike Morley at 416-275-1278 or email mike@mikemorley.com
September 23, 2010
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The fourth step in switching over to either IFRS or Private Enterprise GAAP is to prepare notes to the new financial statements. This hands-on workshop will provide you with a step-by-step guide to writing notes to IFRS/Private Enterprise GAAP financial statements and will include plenty of opportunity to practice what you have learned.
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Topics covered will include:
- When to include a note and when not to
- Keeping the language simple
- How long should the note be?
- What needs to be in the note?
- Summarizing and explaining the reconciling financial statements
- Financial statement presentation
- Disclosure requirements
- Lots of practice and exercises
- This fourth class will enable you to prepare effective, easy-to-read financial statement notes.
- Date: September 23, 2010
Time: 9 am - 3 pm
Location: Residence Inn by Marriott Vaughan
11 Interchange Way, Vaughan (Ontario) (Hwy 400 and Hwy 7)
Breakfast, Lunch, and coffee and tea will be provided
Continuing Education Points: Certificates of completion will be provided
Cost:- 1 workshop: $795 + tax
- 2 workshops: $1590 + tax
- 3 workshops: $2100 + tax
- 4 workshops: $2800 + tax
- 5 workshops: $ 3000 + tax
Registration: call Mike Morley at 416-275-1278 or mike@mikemorley.com
September 24, 2010
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The final step in switching over to either IFRS or Private Enterprise GAAP is adjusting internal financial controls. Public company executives will still remain personally responsible for the accuracy of their company’s financial statements as well as for the effectiveness of their company’s internal controls. Private companies as well should overhaul their internal financial controls to ensure that all the new processes are effectively managed.
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Topics covered will include:
- Identifying changes in processes that require internal financial controls
- How to create and/or modify internal controls
- How to set priorities for testing new/existing/modified internal controls
- Obtaining reasonable assurance
- Leaving only a remote chance of a material misstatement
- Summarizing internal control changes for the auditor
- Internal financial report presentation
- Disclosure requirements
- Lots of practice and exercises
- This fifth class will enable you to create effective internal controls for your company.
- Date: September 24, 2010
Time: 9 am - 3 pm
Location: Residence Inn by Marriott Vaughan
11 Interchange Way, Vaughan (Ontario) (Hwy 400 and Hwy 7)
Breakfast, Lunch, and coffee and tea will be provided
Continuing Education Points: Certificates of completion will be provided
Cost:- 1 workshop: $795 + tax
- 2 workshops: $1590 + tax
- 3 workshops: $2100 + tax
- 4 workshops: $2800 + tax
- 5 workshops: $ 3000 + tax
Registration: call Mike Morley at 416-275-1278 or email mike@mikemorley.com
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The GAAP.net are pleased to announce that we have teamed up with Knowledge Plus on an ongoing basis to offer our readers access to their seminars.
Knowledge Plus provides highly interactive core business training courses giving employees critical skills which they can immediately apply to their day-to-day jobs, specializing in financial training including finance for non-financial people and IFRS (International Financial Reporting Standards).
In addition to their regularly published schedule, Knowledge Plus is available to organizations who would prefer to have seminars in house and if that is your preference please refer to the PJC001 code when arranging the seminar.
The GAAP.net readers will receive a full $50 off Knowledge Plus IFRS Training Seminars. All you have to do to take advantage of this incredible offer is to enter promotional code PJC001 when you register for the seminar that fits your schedule. That's it. Click here for Schedule and Registration!
Instructor Profile:
Karine Benzacar MBA, CMA, CPA (Del.) is managing director of Knowledge Plus Corp., a business consulting
and training firm www.knowledgeplus.ca. Karine Benzacar’s works have been published in well known publications such as the Financial Post, the Bottom Line, and the CMA Management Magazine, and has written “Closing the GAAP” featured in The IFRS Zeitgeist.