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IFRS - Are your ready?

IFRS - Are you ready?

"Only 34% of finance directors believe that their employees are ready for IFRS".
Source: Accountancy Age survey of Finance Directors, February 2004

P2P IFRS E-Learning Training Package
The background
IFRS - more than a technical accounting issue
Fast, effective, flexible solution
Leverage Intellexis financial training expertise
IFRS - Are you ready?
IFRS - P2P E-Learning
IFRS - Key Dates
IFRS - Threats to your business
Blended approach and existing products
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The background

From January 2005, all European Union public companies must adopt International Financial Reporting Standards (IFRS). 2004 is the year in which all companies must mobilise their ability to conform to IFRS mandatory requirements. Subject to your fiscal year you’ve probably less than six months to prepare your organisation for the transition to IFRS.

Although IFRS comes into effect in 2005, you will have to start applying the new rules now as 2004 accounts included in 2005 reporting will also need to comply with the new IFRS rules.

Before then you will need to conduct an impact assessment specific to your business and ensure the right knowledge reaches the right people, in the right context, at the right time.

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IFRS – more than a technical accounting issue

Do not make the mistake that IFRS is just a technical accounting issue; its impact will be far reaching and fundamental to your business.

It will:

  • Affect your approach to P&L, budgeting, forecast and management reporting
  • Govern the use of financial instruments such as Hedge Funds and Leasing
  • Affect your approach to revenue recognition and management rewards
  • Affect your approach to corporate governance
  • Challenge your ability to disseminate knowledge to stakeholders as well as the financial community

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Fast, effective, flexible solution

The Intellexis Integrated Learning Model for IFRS

There are three primary objectives in designing a learning approach that will maximise the ability of your organisation to execute an effective transition to IFRS:

  • Establish base line understanding
  • Enable impact analysis and resolution
  • Sustain knowledge and adaptability within the business
The Intellexis solution uses a blend of on-line learning, competency assessment tools and expert trainers to create the right balance of learning intervention, guiding the learner to acquire the necessary knowledge as effectively and efficiently as possible. The application and sustainability of knowledge is achieved through the facilitation of expert coaches and learner access to relevant reference materials.

  • Expertise shortage as deadlines approach
  • Cost of poor planning
  • Penalties for failure to comply
The ability to execute an integrated learning programme that is tailored to your business and your people will set you apart. The definition, design, development and deployment of the right learning approach can be significantly accelerated with access to learning templates that provide a clear roadmap to execution. This may save you over 40% in costs and execution time.

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Leverage Intellexis financial training expertise

Intellexis is a leading provider of integrated learning solutions for IFRS. We enable a learning approach that allows the individual learner to focus on relevant training for the application of IFRS within their role inclusive of any required financial understanding skills development. As a specialist financial training provider with over 15 years experience of supporting finance driven change programmes we provide an independent, quality alternative to the audit practices for your IFRS training requirements.

Intellexis is at the forefront of using technology-enabled learning for international accounting and enterprise financial skills programmes. With some of the leading blended learning execution experts in Europe we understand how to realise the benefits that a blended learning approach can bring.

  • 15 years experience
  • 30 IFRS accredited experts across Europe (mostly ‘big four’ audit veterans)
  • Multi-lingual capabilities
  • Developer of IFRS-specific training technology
  • International experience, localised support
  • Organisations such as Rolls-Royce, Nestlé, Hilton International and IMD use Intellexis for improving financial competency
Let Intellexis take away the pain of IFRS training and ensure that your organisation is prepared.

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P2P IFRS from principle to practice
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