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ComplianceOnline, Online Event
2013-03-26
This 90-minute webinar compares the operating section of the statement of comprehensive income under IFRS and U. S. GAAP, and goes through the different aggregations and subtotals to discuss their rationales, current practices and specific issues, as well as the financial analysis practice of reformulating the statement of comprehensive income.
Why Should You Attend:
The statement of comprehensive income is of utmost important to determine measures of performance and to forecast the impact of business decisions on earnings. Entities must be aware of risks and constraints arising from characterizing items as operating or non-operating on the face of the statement under IFRSs, including the repercussions on subtotals qualifying as non-GAAP measures in SEC filings. The concept of operating vs. financing items presents several ambiguity, as well as core vs. noncore activities. The IFRS guidance on material items is not equivalent to the U.S. GAAP requirements about unusual or frequent items, but not both. Classification of gains and losses is diverse under the two bodies of standards.
Areas Covered in the Webinar:
- Concept of Operating Activities
- Aggregations of Income and Expenses
- Operating Income Subtotal
- Unusual or Infrequent Items
- Material Items
- Other Expenses and Other Revenues
- Operating vs. Non-operating Items
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Organized by:
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Complianceonline |
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Invited Speakers:
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Francesco Bellandi, is a U.S. CPA,CGMA, CA, ACCA Diploma in International Financial Reporting, and MBA. He chairs the IFRS and FASB Subcommittees of the International Accounting & Auditing Committee at the New York State Society of CPAs. He has served as Chief Financial Officer in Alitalia North America & Mexico, New York; Board Director and Chief Financial Officer in Cobalt Waterline Group; Director Finance & Administration in Alitalia – Lufthansa Maintenance; Director Business Planning & Finance SEMEA Southern Europe, Middle East, and Africa in Société Internationale de Télécommunications Aéronautiques; and Financial Controller and Logistics Manager in Ericsson. He has worked for Ernst & Young, and as a Financial Analyst. He was named by the AICPA as one of the IFRS/U.S. GAAP Subject Matter Experts. He serves as Editorial Review Board Member of The CPA Journal, New York. He is the author of The Handbook to IFRS Migration and to IFRS U.S. GAAP Dual Reporting, Wiley, 2012 and Dual Reporting for Equity and Other Comprehensive Income under U.S. GAAP and IFRS, Wiley, 2012.
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Deadline for Abstracts:
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2013-03-25
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Registration:
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http://www.complianceonline.com/ecommerce/control/trainingFocus/~product_id=702590?channel=Hummolgen
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E-mail:
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referral@complianceonline.com
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