Getting up to speed on IFRS

The adoption of International Financial Reporting Standards (IFRS) will usher in a new era in accounting standards. And although publicly accountable enterprises are likely to feel the impact throughout their corporate structure, accountants will be the ones on the front lines of this transition.

To learn more about the rationale behind IFRS, and to develop a better understanding of the technical requirements of the new standards and how to implement them, check out the following sources:

Education and resources

• Introduction to IFRS – Implications for Canadian Business, a three hour e-learning course
• Courses and conferences offered by the CICA
• Institute of Chartered Accountants of England and Wales (ICAEW) IFRS self-study program
• IFRS Continuing Education Web Community
• IFRS Seminars offered through the CMA

Background information

• Canadian Institute of Chartered Accountants (CICA) IFRS Transition Resources
• International Financial Reporting Standards Pocket guide – 2009
• Preparing for Tomorrow’s Accounting Standards in a Global Marketplace
• The Chartered Accountants of Canada's Canadian Standards in Transition website
• The IFRS Resources website of the American Institute of CPAs (AICPA)
• The Certified General Accountants Association of Canada
• The International Accounting Standards Board