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From The Editor
Greetings to everyone and Good Luck with your IFRS transition from Paul J. Calleri, our sponsors, authors and production team. We are pleased to welcome EnPower Group as a sponsor. For organizations striving to improve operational and bottom line performance, EnPower is a high performance consulting firm that uses proven processes and methods to help achieve and maintain results.
Welcome to the second quarter edition of the IFRS Zeitgeist for 2010.
We are nearly through the first half of 2010. How are your IFRS goals going?
Have you: read an article or a book, watched a webinar, taken a course, or attended a workshop?
Most of the times when I meet a fellow accountant I ask the question; what are you doing to learn IFRS?
There are more that are saying that they’re learning, but clearly not enough.
IFRS comes into effect on January 1st 2011 for publicly accountable enterprises, and for Private Enterprises that choose IFRS over Private Enterprise GAAP.
I know most of us are busy; however we still have to learn it, and attain our learning points as accountants. Why not do both at once; learn IFRS and earn the learning points.
I decided early in the year that I’d do both, plus work with some of the foremost IFRS trainers in Canada, Mike Morley and Karine Benzacar. In fact, both of them present regular seminars highlighted in the events section below. Personally; I’m continuing to update my IFRS skills and knowledge. Have a great summer.
Please note: If you have any questions or you want to share your comments and any tips you have to help everyone learn IFRS, click on this link to send it to: pcalleri@thegaap.net.
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| Featured Articles
Moving from The GAAP to IFRS - An opportunity or a curse?
Submitted by Mike Morley, a Certified Public Accountant,
holding the top credit designations in Canada, the US and the UK.
So many changes and so much to learn! There is an ancient Chinese curse that goes something like this, “May you live in interesting times!” Well, these are definitely interesting times for accountants. Depending on your point of view, the numerous changes in the Canadian accounting landscape are either an opportunity or a curse.
For the full article.
Accounting Made Easy
Submitted by Karine Benzacar, Managing Director of Knowledge Plus Corporation.
Despite today's day and age of technology advances, it is amazing to see how many small businesses still do their accounting manually. In fact, many small business owners equate automating their accounting to recording their transactions on Excel spreadsheet packages.
For the Full Article
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IFRS Events
Are you ready for the changeover from GAAP to IFRS?
2010 is here and it is time to prepare your initial balance sheet and set your IFRS policies. We recommend two of the leading IFRS experts to help you and your organization meet those important goals with assistance for the transition process.
Each workshop qualifies for continuing education points
for CMA, CGA, CA, and the Canadian Institute of Credit.
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Refresh yourself on the Four Principles of IFRS with Mike Morley's insightful articles at The Gaap.net
For more information about course content, registration information and a special offer for attending Mike's course from us click here now.
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.
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Knowledge Plus IFRS Training Seminars
Karine Benzacar MBA, CMA, CPA is another of the leading IFRS experts and one of the frequent expert authors at The Gaap.net, she is the Managing Director at Knowledge Plus contributing her extensive knowledge. Karine'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 previously in The IFRS Zeitgeist.
To see the Knowledge Plus upcoming schedule, click here and register now!
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