International Financial Reporting Standards (IFRS) have brought the
biggest change in accounting for a generation. Since January 2005 many
UK companies have been implementing IFRS and judging by many reports
it has not been easy. It is widely recognised that UK GAAP is converging
with IFRS. All the Standards that have been issued by the UK's Accounting
Standards Board since 2004 have been drawn up with this principal intention.
It is important that all companies keep on top of the changes and are
well prepared for full convergence of UK GAAP and IFRS.
UK Training's seminar, The Essential Guide to International Financial Reporting Standards, is an excellent and cost-effective way to master this subject.
 The first step to implementing IFRS is to understand fully the requirements
and recognise that system changes will be necessary if
your financial reporting is based upon UK GAAP or the generally accepted
accounting practice of another country. It will be necessary to invest a significant amount of time and effort if the transition to
IFRS is going to be free of incident. If the introduction
of IFRS is not planned carefully, then time will run out, resulting in a
hasty implementation and unnecessary higher costs.
Peter Hughes, a Chartered
Accountant, presents
The Essential Guide to International Financial Reporting Standards.
Peter has been tracking the progress of IFRS over the years and in particular
has monitored the differences between IFRS and UK GAAP. He is able to guide the preparers of financial statements on what
they need to do to implement IFRS.
If you want to avoid a hasty implementation of IFRS we suggest you
book yourself on to the
seminar now.
Who
is this e-mail from?
This e-mail was sent by UK Training (Worldwide) Limited.
Kathryn
Cearns of Herbert
Smith LLP has written two interesting articles which you can read
by clicking the respective title.
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