Preparing for a Transition to IFRS
The SEC has proposed a roadmap for the adoption of International Financial Reporting Standards (IFRS) by US public companies. The changeover to IFRS will impact companies across departments from finance to manufacturing operations to IT. Companies will need to be proactive and prepare well in advance for this transition to ensure all departments are ready.
Gordon Heard, Principal Advisor with The Finance Group will present IFRS planning considerations based on his front line experience with Canadian organizations currently transitioning to IFRS. Gordon’s presentation will include:
- A review of internal timelines leading up to a US adoption of IFRS
- Tips on how to assess to impact of IFRS on your organization
- Practical planning strategies to keep your IFRS transition focused and manageable
Tim Teeter, Product Marketing Manager with Epicor will then join the webcast to present the impact IFRS will have on IT. One big change is companies will need to adapt their Enterprise Resource Planning (ERP) system to support the new IFRS requirements. Tim will also present how flexible technology frameworks can help make the transition to IFRS more efficient.