Conversion considerations for IFRS (for the Media & Entertainment industry)

Hosted by the Ernst & Young Global Media & Entertainment Center

A transition to International Financial Reporting Standards (IFRS) may be here faster than you think, with the potential to impact business operations throughout the media and entertainment (M&E) industry. On Wednesday, 9 July, the Ernst & Young Global Media & Entertainment Center hosted a webcast to highlight how a potential transition to IFRS is likely to impact media and entertainment companies. Recent SEC developments raising the possibility for US registrants to adopt IFRS have heightened awareness that US companies are operating more and more in a global economy. As the SEC continues to discuss this critical topic, IFRS adoption in the US is becoming increasingly more likely, leading to potential significant impacts on business operations and financial statements alike.

This webcast offers key industry-specific insights in the following areas:

• The road to IFRS ? how we got here and where we are headed
• A market perspective on IFRS and reporting trends
• Key differences and similarities between IFRS and US GAAP for M&E companies
• Lessons learned and insights gleaned from seasoned professionals
• How to prepare for the challenges ahead

Find out what the Ernst & Young IFRS and M&E industry teams from both the US and Europe have to say about this potential shift in accounting policy and its impact on business operations across the M&E industry.