Event Detail
IFRS - Sizing up Global Adoption and What it Means for Business
Registration/Cancellation Deadline: Mon, Feb 20, 2012
Speaker: John Bober (Managing Director, Structuring - Energy Financial Services, General Electric Company), June Howard (Senior Vice President, Financial Services, IFRS, Chief Accounting Officer, Aflac), Markus Fuchs (Partner, IFRS Advisory Services, KPMG AZSA), Tatsumi Yamada (Former IASB Member and Partner, KPMG AZSA)
Hosting Committee(s): ACCJ Financial Services Forum, Banking and Finance, Insurance
Venue: Tokyo American Club MAP
Member Fee: ¥4900
Guest Fee: ¥5900
Extras: Meal included
Countries and companies around the world are switching to International Financial Reporting Standards (IFRS) in what is becoming the global standard for the preparation of public company financial statements. Already, more than 100 nations and reporting jurisdictions permit or require IFRS for domestic listed companies. Although the United States and Japan have yet to set dates for IFRS implementation, the number of countries continues to grow. The Tokyo Stock Exchange now permits its listed companies to file their financial statements under IFRS without using JGAAP (with certain restrictions). And both U.S. and Japanese companies can learn about IFRS conversion issues from the experience of European companies operating in Japan. This apparently inevitable transition to IFRS makes it pertinent for management to start sizing up now the volume and variety of financial, business, tax, and operational changes that IFRS implementation will require, as conversion to IFRS is much more than an accounting exercise. In fact, IFRS may affect many aspects of a company's operations, from information technology systems and tax reporting requirements, to internal reporting and key performance metrics. At the same time, specific areas under IFRS, such as rules for lease accounting, insurance contracts and revenue recognition, continue to attract debate and consideration. Please join us to discuss these and other issues with our panel of IFRS experts: Markus Fuchs, Partner, IFRS Advisory Services, KPMG AZSA June Howard, Senior Vice President, Financial Services, IFRS; Chief Accounting Officer, Aflac, and Tatsumi Yamada, Former IASB member and Partner, KPMG AZSA The panelists will discuss European, American, and Japanese perspectives on the global adoption of IFRS, with an emphasis on financial instruments, and its impact on business.
Note: ACCJ events are for ACCJ members and their guests only. To learn more about becoming an ACCJ member, see the Membership section of this site or contact the Membership Services Department at info@accj.or.jp / (03) 3433-7304.
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