Clouds loom on the horizon. Finance and accounting officers will soon be deluged with new accounting pronouncements that have a direct impact on the bottom line. When the storm hits, will you be ready?
Barnes Dennig Director Tom Groskopf has a front-row seat for the much-discussed convergence of national and international accounting standards, and he will share his insights into the changes that are brewing and how you can prepare for them.
Groskopf will be the featured presenter at Barnes Dennig’s Accounting and Auditing Standards Seminar on Wednesday, December 8, at Cintas Center. It is a free, two-hour event that will highlight attempts to bridge U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
Changes include lease accounting, presentation of financial statements, accounting for all financial instruments and revenue recognition. Groskopf will also address overall adoption of IFRS for public companies and options for private companies. It is important information for CFOs who will soon have to weather new reporting requirements.
Groskopf has served on numerous national and international accounting-standards committees. He was recently appointed by the IFRS Foundation to an international implementation group and is a member of the FASB’s Private Company Financial Reporting Committee. His knowledge of the convergence changes is unmatched in the region.