|
Program Agenda: Conference Day Two
Wednesday, September 29, 2010
| 8:00 - 9:00 |
Continental Breakfast |
8:00 - 89:00 |
9:00 - 9:15
Opening Remarks from the Chair
Massood Oroomchi , Partner, FinEx Group
9:15 - 10:15
Changes to IAS 18: Revenue Recognition: What Are Your Responsibilities?
Kevin Moshal, Partner, Grant Thornton LLP
- Measurement of revenue
- Recognition of revenue
- Sale of goods
- Rendering of services
- Interest, royalties, and dividends
- Disclosure
- Tips for implementation
| 10:15 - 10:30 |
Networking Break |
10:15 - 10:30 |
10:30 - 11:30
Moving to an IFRS Environment: What's the Impact of IFRS on MD&A Disclosures
Chris Hicks, Principal, Knowledge Development, Canadian Institute of Chartered Accountants
Peter Chant, Partner, Deloitte & Touche LLP
- Essential elements of the MD&A disclosure document
- Changes to MD&A disclosures under IFRS: how does it differ from GAAP
- The impact of IFRS on MD&A content and presentation
- Off-balance sheet reporting
- Internal controls regulations: how NI52-109 will impact your disclosures
- How to disclose material weaknesses
- Most common deficiencies: how to avoid them?
- Linking risk disclosures to the planning process to ICFR reporting
- Due diligence: what and how much are you require to do?
11:30 - 12:30
Case Study from Canadian Tire
Winner of 2009 Corporate Reporting Award of Excellence
Business Implication of IFRS
Brian Fiedler, Vice-President, Finance, Canadian Tire Corporation
- Revisiting debt covenants
- Contracts with GAAP-based clauses
- Employee Incentive Programs
- Key Internal Performance Metrics
- External Valuation Metrics
- Retraining finance personnel
The Corporate Reporting Awards in its 58th year presents awards for excellence in financial reporting, corporate governance disclosure, electronic disclosure and sustainable development reporting to companies listed on the TSX and to federal Crown corporations.
| 12:30 - 1:45 |
Luncheon Break |
12:30 - 1:45 |
1:45 - 2:45
Case Study
Implications of IFRS Conversion on Internal Controls and Regulatory Compliance
Dary Bissonnette, irector, Corporate Accounting and Internal Controls, WestJet
- Ensuring proper control environment for effective policy creation, 2010 dual reporting, determining opening balances and 2011 transition and maintenance
- Identifying the impacts that the move to IFRS will have on your internal controls including entity-level controls, transaction controls and application/GCC controls
- Aligning changes in accounting policy with changes in processes and related controls
| 2:45 - 3:00 |
Networking Break |
2:45 - 3:00 |
3:00 - 4:00
Fair Value Accounting, Consolidation, and Derecognition
Margaret Tang, Senior Manager, Deloitte & Touche LLP
- Clarification and guidance of fair value under IFRS
- Applying fair value measurements to liabilities and assets
- Reclassification of financial assets
- Impairment testing of financial assets
- Disclosure requirements under IFRS
- Measurement consideration for valuation model
- Managing assets and liabilities in fair value driven accounting practice
4:00 - 5:00
Understanding the Changing Faces of Financial Instruments Standards
Yannick Maurice, Director, Advisory Services Transactions, PricewaterhouseCoopers LLP
Edward Lee, Manager, Capital Markets Group, PricewaterhouseCoopers LLP
Latest developments in:
- Recognition and measurement: IFRS 9
- Impairment
- Derecognition
- Hedge accounting
- Fair value measurement
| 
