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Program Agenda: Conference Day Two
Wednesday, September 30, 2009
| 8:30 - 8:50 |
Continental Breakfast |
8:30 - 8:50 |
8:50 - 9:00
Opening Remarks from the Chair
Chris Boland, CA, CMA, Boland Professional Corporation; former General Manager, Finance, Canada Post Corporation
9:00 - 10:00
Opening Keynote Address
Case Study from Bombardier--Award of Excellence Winner in Corporate Reporting for 2008!
Jean Paré, Vice-President, Financial Reporting, Bombardier Inc; member of the Financial Advisory Committee of the AMF and of the International Financial Reporting Interpretations Committee (IFRIC)
Hear Jean Paré, Vice-President of Financial Reporting at Bombardier, discuss his organization's best practices on IFRS conversion, corporate reporting and governance!
- Scoping the project: key criteria to consider
- Critical decisions to be made at each stage of the project
- A step-by-step discussion of Bombardier's implementation process
10:00 - 11:20
MD&A Best Practices Today: Making the Change to IFRS
Brian Ludmer, Barrister & Solicitor
- Essential elements of the MD&A as a key disclosure document
- Key tips for an effective MD&A under current GAAP and IFRS
- How IFRS will affect the content and construction of the MD&A: changes in the MD&A rules under IFRS
- Off-balance sheet reporting, internal control regulations, and due diligence
- Examples of dynamic and effective MD&As
| 11:20 - 11:30 |
Networking Break |
11:20 - 11:30 |
11:30 - 12:20
Presentation of Financial Statements: IAS 1
Gabriela Kegalj, Partner, National Assurance and Advisory Practice, KPMG LLP
- Requirements for presentation and disclosure
- demonstrating differences in disclosure through examples
- detailed disclosure of accounting policies
- interim reporting
- comparative information
- other required disclosures
- Specific differences in note disclosures
- Reconciliations in first IFRS financial statements
- Impact of IFRS requirements on close procedures
- Convergence plan disclosures
- Updates from the joint IASB/FASB project on Financial Statements Presentation (Phase B)
| 12:20 - 1:20 |
Luncheon Break |
12:20 - 1:20 |
1:20 - 2:10
Recent Updates in Impairment of Assets: IAS 36
- Understand the impairment testing model under IFRS
- Discover the differences between Canadian GAAP
- Realize key areas that will affect you the most
2:10 - 3:00
Derecognition of Financial Assets and Financial Liabilities: IAS 39
Jason Boggs, Partner, Capital Markets Group, PricewaterhouseCoopers LLP
- Current derecognition framework
- Proposed derecognition framework
- Issues in practice
| 3:00 - 3:10 |
Networking Break |
3:00 - 3:10 |
3:10 - 4:00
Consolidated Financial Statements: IASB's Proposed New Standard
Rebecca Villmann, Principal, Canadian Accounting Standards Board
- Explain the control definition and the interaction of the power and returns concepts
- Outline indictors you need to consider when assessing control
- Evaluate how to determine control based on voting rights and of structured entities Identify how to distinguish an agent from a principal
- Discuss examples of how to assess control
- Outline disclosures required about consolidated and unconsolidated entities
4:00 - 4:50
Recent IASB Updates for Financial Instruments: IFRS 7, IAS 32, and IAS 39
Kevin Moshal, Partner, Assurance & Business Advisory Services, Grant Thornton LLP
- Highlighting disclosure requirements of IAS 32 and IFRS 7
- Example and sample disclosures
- High-level disclosure differences between Canadian GAAP and IFRS
- Recent developments in the classification and measurement of financial instruments: IAS 39
4:50 - 5:30
Valuation Considerations under Fair Value Accounting
Margaret Tang, Senior Manager, Deloitte & Touche LLP
- Fair value concepts under IFRS
- Implementation challenges and considerations
- Recent developments
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