IFRS COURSE OVERVIEW

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IFRS COURSE OVERVIEW

• BY PATRICK A. TURNER
• FSA CONFERENCE
• MAY 15, 2008

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IFRS COURSE OVERVIEW

• Masters of Accounting Students
• Quarter System - 10 weeks (4 Hrs./Wk.)
• Resources No textbook students use e-IFRS
  and FARSONLINE
• Lecture and Case Study Approach
• Deloitte Support

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Topical Areas Covered
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LECTURE FORMAT

• Not just a differences course
• Teach the IFRS standards
• Students will have read and lectures will have
  covered 23 of the international standards
• Differences typically discussed at the end of
  each lecture

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CASE STUDY

• Team-based projects
• Actual financial statements of foreign
  registrants
• Filers are from different countries and
  industries
• Statements scrubbed to conceal the companys
  identity
• Some footnotes shortened and IFRS to GAAP
  reconciliation footnote deleted

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CASE STUDY

• Weekly Assignment
• Read IFRS standards for the topical areas covered
  
• Assess compliance with IFRS requirements
• Identify IFRS vs. GAAP differences to be included
  in the companys IFRS to U.S. GAAP reconciliation
  footnote
• Team presentations summarizing findings and QA

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CASE STUDY

• Final Assignment
• IFRS to GAAP reconciliation footnote provided
• Team must present/explain the reconciliation to
  class

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Impressions through Week 7

• Works well with Masters of Accounting students
  very challenging course
• Taking course to undergraduate level under this
  format would require more U.S. GAAP refresher
• Students very engaged in course
• Like the interactive format lecture/case study

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Components of Student Evaluation

• 9 Quizzes
• 9 Presentations
• Peer evaluations
• Participation

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Available Resources

• Lecture materials with speaker notes
• Case study materials