Start preparing yourself and your organization for IFRS

http://www.cfo.com/article.cfm/12924295/c_2984276

CFO Magazine - [Start preparing for IFRS]

The Human Side of IFRS
Learning international accounting standards early on could provide a career boost like no other.
David McCann - CFO.com US
January 13, 2009


The story of U.S. companies' presumed forthcoming conversion to international financial reporting standards is not just about accounting and global commerce. It is also a people story: For starters, who should be trained (and when), who should provide the training, and what impact will an early mastery of IFRS have on an accountant's career?

That last question brings an easy answer from those in a position to provide IFRS training, including college professors and professional services firms.

For career advancement purposes, gaining bona fide expertise in international standards in the short term may be a sure ticket to bountiful career rewards. "It's one of two very hot areas, fair value being the other one," said H. David Sherman, an accounting professor at Northeastern University and a former Securities and Exchange Commission academic fellow. "Anybody becoming an expert in either of those areas has a guaranteed career for many years."
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This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.