Like it or not US GAAP and IFRS are moving closer together through the joint Convergence Projects undertaken by the IASB and the FASB. There are 13 current convergence projects in various stages of completion. Please join us on January 4th to learn more about these projects, and in particular:
- Of the 180 or so FASB rules and related GAAP guidance rules connected to Revenue Recognition, which main principles are expected to survive the convergence process?
- In the revenue recognition areas in which IFRS is currently silent, what areas are expected to develop more clarity -- and will this happen in 2011?
- What's coming down the pike in terms of lease accounting rules? Will off-balance-sheet accounting for leases completely disappear?
- With heightened scrutiny over public and private financial reporting, what other broad changes can we expect to see resulting from the convergence projects in 2011-12?
In addition to addressing the Convergence Projects, Jennifer will also share with us the implications of the Transparency in Supply Chains Act recently signed by Governor Schwarzenegger. In brief, this Act requires every retailer and manufacturer doing business in California and having more than $100 million in annual worldwide gross receipts to develop, maintain and disclose its efforts to eradicate slavery and human trafficking from its supply chain ? an area which has long been, and remains, a large problem throughout the world.
Speaker
Jennifer Matheson Director of Client Service with Resources Global
About Jennifer Matheson
Jennifer is a Director of Client Service with over 20 years of business management and consulting experience. She has led a number of client initiatives in the areas of business process re-engineering, enterprise wide risk management, large scale organization change, and IFRS conversion. Prior to joining Resources in August 2006, Jennifer was a Director at PricewaterhouseCoopers in the United Kingdom for 10 years. In addition to numerous business process improvement projects throughout Europe, Jennifer also led IFRS Conversion projects in the U.K. Before PwC U.K., Jennifer was a financial controller for a start-up logistics business in Canada where she created all financial accounting and budgeting process from scratch. Jennifer qualified as a Chartered Accountant (Canada) with Price Waterhouse in 1991 and has a Bachelors Degree in Accounting and Finance from Queen?s University in Kingston, Canada.