IFRS Foundation to Hold Webcasts on 12th December 2012

Friday, November 30, 2012 Print Email

The IFRS Foundation has made announcements with regard to its webcasts that it would be holding on 12 December 2012. During the webcasts the IFRS Foundation would explain the manner in which the IFRS’s teaching related material that is being developed by the IFRS Foundation Education Initiative for supporting those who teach is to be utilized. The teaching will help the students in developing their skills and ability with regard to making estimates and judgments that are important for applying IFRSs. During the session the Foundation would be focusing on non-financial assets.

The objective of the initiative revolves around reinforcing the goal of IFRS Foundation with regard to adopting and applying the high-quality international accounting related standards on a consistent basis, taking into consideration the needs of SME’s as well as emerging economies. The wider education initiative encompasses deliverables such as the annual briefing document on IFRS for chief executives, audit committees and boards of directors, and education material on IFRS 13 Fair Value Measurement.

The emphasis on teaching on the basis of framework is an important project and is a part of the IFRS Education Initiative Plan 2012-2016. The webcast that is divided into two different sessions would last for around one and a half hours each.

The presenters of the webcast are Michael Wells who is currently the director of IFRS Education Initiative at International Accounting Standards Board and Ann Tarca, Accounting Professor from University of Western Australia. There would be no charge for attending the webcast but the interested members will have to register in order to participate in it. Interested students can register anytime they wish to but before the webcast presentation. Those who participate in the webcast will be able to listen to it via internet or even by using their telephone. For the convenience of participants from different countries, the IFRS Foundation has made arrangements for two different webcast slots.

While one of the slots has been scheduled for 09:30 hrs GMT on 12th of December, the other slot is scheduled to be held at 15:30 hrs GMT. At the time of joining live webcast presentation, the participant must opt for the appropriate audio option in order to be able to hear the presentation clearly. Those who would be using internet to join the presentation must see to it that their computer allows pop-ups.

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