Leading companies recognize the need to move toward IFRS adoption in advance of any mandate. Making the transition to IFRS is not just a rote accounting exercise. Embracing these standards affects the entire company and requires the support of personnel throughout the enterprise. So getting it right is critical, especially when you consider its effect on group financial reporting activities. By understanding the potential challenges that can complicate IFRS adoption in developing a comprehensive plan to overcome these challenges, you can increase your chances for successful transition or convergence.

In planning the conversion, management must develop a detailed and specific understanding of IFRS 1's implications on their business. This hands-on workshop will provide you with easy-to-follow guidelines using a simple, easy-to-understand standard methodology that will ensure successful completion of your conversion.