Mike Morley

The International Accounting Standards Board (IASB) has made some significant changes to IFRS. These changes come into effect Jan. 1, 2013. This sounds far off in the future, but you need to understand the implications of these changes now because their expected impact must be disclosed in the current financial statements.

Not only will you have to make significant changes, you will also have to disclose how you arrived at your decisions.

• What exactly is ASPE and how is it different from GAAP?
• What changes and what doesn’t?
• Point by point summary
• How will these changes affect companies?
• New disclosure requirements
• When is IFRS a better choice?

Given our close economic ties to our southern neighbor, as a Canadian accountant you are expected to understand and be able to explain the differences between US GAAP and Canadian ASPE. This 2-hour intensive webinar will cover all the key differences.

• Revenue: recognition, timing and amounts
• Asset valuation: historical cost vs. fair value
• Provisions and contingencies: inventory obsolescence and reserves
• Financial instruments: valuation and irrevocable elections
• Segment reporting: when is it required?
• Disclosure requirements
• Financial statement presentation

• Recognizing and avoiding the risks from unexpected and costly, undesirable employee behavior
• Maintaining the creative balance between high innovation and risk management
• Integrating risk management into strategy formulation and execution processes
• Managing the risks from external, non-controllable events
• Responding to brand and reputation risks
• Organizing and managing the risk management function

Date: August 8, 2012
Time: 1 pm - 3 pm EST
Certificates of completion will be emailed (qualifies for continuing education points)
Cost: $99 + tax per person (VISA, MasterCard, American Express accepted in advance)

To register call Mike Morley at 416-275-1278 or email mike@mikemorley.com

Extractive industries, involved in the search for mineral resources, including oil, gas, minerals, and similar non-regenerative resources, have unique accounting and reporting issues, particularly in regards to the evaluation of assets, revenues and expenditures.

IFRS #6 requires that companies that have assets used for exploration and evaluation of mineral resources must issue IFRS compliant financial statements.

As an accounting professional, you should be familiar with exactly what these new standards consist of, and what they mean for companies in the oil, gas and mining industries.

This webinar will help you become acquainted with the latest information regarding IFRS for companies in the resource sector.

As you are aware, Canadian accountants are anticipating the unification of the three Canadian accounting designations into a single one called Certified Professional Accountant (CPA). Many CGA's and CMA's are looking at starting up their own accounting practices to take advantage of the change.

Starting a successful practice requires careful planning and an understanding of the skills you will need to achieve your dream. I will be presenting a 2-hour intensive webinar on March 1 that will guide you through the start-up process.

This webinar qualifies for continuing education points for CMA, CGA, CA and the Credit Institute of Canada.

To register for this class call me at 416-275-1278 or email me at mike@mikemorley.com. 

• What it takes to be a successful Entrepreneur
• Marketing to your Niche market: you can't be everything to everyone
• Selling skills: using client personality styles
• Pricing your services and creating multiples streams of income
• Consulting opportunities, partnering, and the Internet
• Structuring your business for growth

International Financial Reporting Standards have changed how companies account for investments on their financial statements.

Accountants are expected to assign a fair value to financial instruments, but with so many choices for assigning a value, just exactly how do you do it?
 
This Webinar will provide you with easy-to-follow guidelines that will ensure that you can comply with these new standards.
 

• Valuation methods under IFRS (including the new IFRS #13 measurement)
• Debt vs. equity investments
• Joint ventures
• Investment property
• Accounting for hedging
• Disclosure requirements
• Financial statement presentation

Canadian private companies must now choose to use either the new ASPE (GAAP for Private Enterprises) or IFRS for reporting. Either way it means major changes in how we report asset values. This webinar will explain your options and walk you through the decision making process for assigning asset values.  

• The first step - Establishing a skills transfer plan
• Gather the necessary information - The art of assessing transferable skills
• Organize the information - Documenting, classifying, and evaluating
• Making it work - Execute the skills transfer plan
• Measure the results - Feedback and evaluation tools
• Worksheets and guidelines to ensure success!

Date: September 6, 2012
Time: 1 pm - 3 pm EST
Certificates of completion will be emailed (qualifies for continuing education points)
Cost: $99 + tax per person (VISA, MasterCard, American Express accepted in advance)

To register call Mike Morley at 416-275-1278 or email mike@mikemorley.com

• GAAP vs. IFRS
• What will change
• What will not change
• Who needs to comply
• The four key principles of IFRS
• Review of disclosure requirements
• Rules for assigning values to assets
• How IFRS will affect SOX compliance

Accounting for leases can be confusing at the best of times. IFRS introduces a few twists and turns into the mix.

This webinar will teach you how to identify the various types of leases and how to apply the different rules for the different classes of leases.

International Financial Reporting Standards have changed how companies account for long-lived tangible assets on their financial statements.

Accountants are expected to decide how to first record the acquisition of long-lived assets, assess the value at which they are presented on future financial statements, and work out the allocation of the cost of these assets over future reporting periods. In addition, IFRS allows periodic re-evaluation of long-lived assets under certain conditions, but with so many choices for assigning a value, just exactly how do you do it?

This Webinar will provide you with easy-to-follow guidelines that will ensure that you can meet the compliance requirements for these standards.

Accounting for intangible assets, such as copyright, licences, and other intellectual property rights, can be challenging, particularly when it comes to deciding when to record and when to remove an intangible asset. In addition, there are various rules for valuation, such as management intent determining the accounting treatment of intangible assets. Finally, the use of significant estimates and other judgments and knowledge of disclosure requirements are also part of in accounting for intangible assets.

Topics covered: 

• Which assets qualify for treatment as intangible assets?
• When and how do you first record an intangible asset?
• How to initially value intangible assets and how to vale them in subsequent years
• When and how you have to remove intangible assets
• Understanding how to apply significant estimates and other required judgments
• Disclosure requirements
• Financial statement presentation

Date: October 4, 2012
Time: 1 pm - 3 pm EST
Certificates of completion will be emailed (qualifies for continuing education points)
Cost: $99 + tax per person (VISA, MasterCard, American Express accepted in advance)

To register call Mike Morley at 416-275-1278 or email mike@mikemorley.com

Using IAS 19, accountants are expected to decide how to choose the appropriate employee benefits and pension plan accounting strategy. IFRS asks the accountant to arrive at the appropriate determination of the periodic cost of employee benefits using specific guidance using the latest standards, but just exactly how do you do it?

This webinar will provide you with easy-to-follow guidelines that will ensure that you are up-to-date and can apply this standard with confidence.