IFRSs are becoming the single global financial reporting language of choice. Since 2001, almost 120 countries have required or permitted the use of IFRSs for listed companies. Most major economies have established time lines for converging with or adopting IFRSs in the near future. Using IFRSs requires new knowledge and skills (eg particular judgements and estimates). A common financial reporting language contributes towards improving the efficiency of international capital markets. The adoption of IFRSs also reduces barriers both to cross-border trade and to the flow of capital internationally.
This conference is organised with contribution from the IFRS Foundation. IASB presenters at the conference include the Chairman of the IASB, a member and two senior directors.
The conference features an IASB update from Mr Hans Hoogervorst (IASB, Chairman) and technical sessions that are conducted by the following IASB members and staff:
Prabhakar Kalavacherla (‘PK’), IASB member will provide an update on IAS 18 Revenue and the IASB’s project to replace IAS 18. It specifies IFRS requirements for the timing and measurement of revenue from the sale of goods, rendering of services, and for interest, royalties and dividends.
Alan Teixeira, Senior Director, Technical Activities, IASB provides an update on IAS 17 Leases and the IASB’s project to replace IAS 17.
Wayne Upton, Director of International Activities, IASB and Chairman, IFRS Implementation Committee leads a session on the IASB’s current Standards on financial instruments and the IASB’s project to replace IAS 39.
The conference could be of interest to Professional Accountants, Investment Credit Managers, Business Valuators, Chief Finance Officers/Managers of listed companies, State-Owned Enterprises and other stakeholders to update their IFRS knowledge on topics as Nepal plans to implement IFRSs in the near future.
Being an international conference it is expected that participants from Asian-Oceanian Standard-Setters Group (AOSSG) and neighbouring countries will also be attending the conference and it could be an event to establish professional networking across the region.
The conference participant fee is Rs. 7,500 for corporate participants, Rs. 6,500 for individual professional accountants and USD 100 for international participants.
The nominations of the participants should reach the Accounting Standards Board by 25 November 2012 (Marg 10, 2069). The participant fee will not be refunded if the participant fails to attend the programme.
For further details and registration please contact:
Accounting Standards Board (ASB)
Tel: +977-1-4241658, +977-1-4231949: Fax: +977-1-4231949, Email : firstname.lastname@example.org, Website : www.standards.org.np