BANKINGS IMPACT FROM IFRS AND REFORMATTED FINANCIAL STATEMENTS: Adrift in the Perfect Storm
Length: 3 Hours CPE Credits: 3 Learning Objective 1: Explore the elements of the Perfect Storm Learning Objective 2: Examine the impact of IFRS adoption on lenders Learning Objective 3: Learn how the convergence project will change the basic financial reporting model of banks and their customers Learning Objective 4: Discover the potential impact of private company reporting Learning Objective 5: Discuss the major business issues affecting banks and their customers and identify 10 action items for bankers to take today as you prepare for the rough seas ahead Field of Study 1: Accounting and Auditing Program Level (Basic, Update, Intermediate, Advanced, Overview): Update Prerequisites: None Advanced Preparation: None Instructional Delivery Method: Group Internet Based Course Registration Requirements: Online Registration Course Developer: William O'Brien Refund/Cancellation Policy: Please contact the ACPEN help desk - 1-800-747-1719 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. Complaint Resolution Policy: Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199). Official Registry Statement: Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org In the next twelve months the world of professional accounting in the United States will change forever. The banking industry needs to prepare for these changes and the impact they will have on bank customers. Routine financial statements will change in terms of measurement and format. Standard metrics such as return on assets and working capital ratios may disappear. In addition, proposals are in process that would actually change the face of the banking industry’s financial statements.
This video is part of Test 2 Produced By: Faculty
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