Adopting IFRS: An Opportunity to Transform Finance Functions Webcast
International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) were created by the International Accounting Standards Board to promote internationally comparable financial statements. Several European countries have adopted these standards and Canadian companies will be required to comply by 2011.
Based on continuing convergence, the U.S. Securities and Exchange Commission is proposing that U.S.-listed companies report financial results in accordance with IFRS rather than U.S. Generally Accepted Accounting Practices as early as 2014.
Best-run businesses are proactively planning to cope with the systemic demands IFRS standards will impose by preparing their infrastructures for this change in advance for a future that avoids surprises.
Listen to this Webcast to learn first-hand how companies preparing to adopt IFRS see opportunity to transform their business and finance functions.
Based on a recent study by Accenture, CFOs and other executives of U.S.-listed companies believe the adoption of IFRS will present an opportunity to transform their business and finance functions and create more value for their companies by mitigating financial reporting risk, increasing financial transparency, and creating operational efficiencies.
This Webcast will reveal Accenture's survey findings on IFRS adoption from a sample of more than 200 CFOs and other senior finance and operations executives from large global companies with a minimum of $1 billion in annual revenues. In response to these findings, SAP global experts will overview the comprehensive suite of tools, applications, and best practices around the topic of IFRS adoption by North American organizations.
This one-hour presentation and panel discussion will highlight:
IFRS as a "finance transformation" initiative
Unique views from CFOs of the IFRS impacts and opportunities
Technology as a key enabler
Cost vs. benefit
Timelines for adoption
This Webcast is your opportunity to learn and leverage insights from Accenture and SAP senior industry principals on adopting IFRS and efficiently addressing the new disclosure requirements. These experts look forward to discussing with you the issues that are foremost in the minds of finance and operations executives today and how U.S. companies are preparing for the impact of IFRS.
David Ahrens, Vice President CFO COE, SAP
Troy Barton, Partner, IFRS Strategy, Accenture
Pete Graham, Business Suite, SAP
Philip Mugglestone, Solutions for Enterprise Performance Management, SAP BusinessObjects