The lessons learned from year-end reporting
Hosted by Ernst & Young's Global IFRS Services
Viewer comments:
"A clear presentation about the financial reporting updates and issues that companies need to be aware of." - Senior Manager, Banking & Capital Markets
The economic turbulence, slowing growth and the sovereign debt crisis have all brought increasing pressure on companies from regulators and shareholders to improve the volume and quality of their financial reporting disclosures. In addition, standard setters are issuing new standards and interpretative guidance. Most of the new accounting standards and interpretations are not yet effective, but will have a significant impact on future financial reporting. Standard setters hope that the new standards will provide more valuable information to financial statement users.
In this webcast, a panel of Ernst & Young professionals will reflect on the challenges for 2011 year-end reporting, including the approach to consolidating companies, identifying impairments and valuing financial assets. The panel will also identify key accounting issues that arose due to the economic environment, and will discuss trends in financial reporting, including: the levels of acquisitions and disposals; disclosures of judgmental areas; and the impact of future accounting standards such as IFRS 11 Joint Arrangements and the proposed Leases standard.
This webcast is aimed at helping CFOs and controllers identify and address the potential issues and pitfalls in the upcoming 2012 reporting cycle and to plan for future financial periods.