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Complimentary Webinar Replay
International Financial Reporting Standards
A Game Changer for Commercial Lending
Originally aired Thursday, August 28, 2008
Replay now available - click here for access!
Fee
Complimentary
Hosted by
Vicki Martell, Omega Performance Vice President, Manager Credit & Commercial Sales Products
Hazel Johnson, Ph.D., Omega Performance Senior Consultant
Audience
- Commercial lenders and relationship managers
- Commercial and corporate credit analysts
- Senior credit officers
- Credit training managers
Abstract
International Financial Reporting Standards (IFRS) is another acronym to add to our already voluminous lexicon of accounting terms; but this one is a game changer. IFRS represent a set of principles that will challenge a commercial lender’s interpretation of the critical issues of earnings, cash flow, financial strength, tax liabilities, and debt servicing capacity—to name a few.
Join Omega Performance’s Vicki Martell and Hazel Johnson for this complimentary, one-hour webcast where they will answer:
- What is driving IFRS to the forefront of U.S. accounting practice?
- What are the essential differences between GAAP accounting standards and IFRS?
- Are we headed to a convergence of GAAP and IFRS?
- What are the implications for U.S. commercial lenders?
Objectives
- Explore the forces that compel lenders to be proficient in IFRS
- Examine the structural process that leads to IRFS
- Understand the terminology differences between GAAP and IRFS
- Identify areas in which IFRS principles differ from GAAP principles, with examples especially relevant for commercial lenders
- Review a snapshot of the current timetables for implementation
Benefits to Your Organization
- Be better prepared to deal with borrowers’ financial statements prepared using IFRS
- Focus risk analysis on potential accounting issues related to the use of IFRS vs. GAAP
- Enhance dialog with corporate clients regarding their plans to use IFRS