CFA Japan Advocacy Webinar Announcement
Title: Proposals for Better Communication in the Financial Statements – Seeking views from users
Date: Wednesday, September 9,2020, 19:00-20:00 (JST)
Venue: This is Zoom webinar
Topics: Financial Statement Analysis
Ms. Rika Suzuki (a member of the International Accounting Standards Board(IASB))
Ms. Aida Vatrenjak (technical staff at the Board and leader of the Primary Financial Statements project)
In this webinar, Rika Suzuki and Aida Vatrenjak discuss the International Accounting Standards Board's (Board) proposed improvements to the way information is communicated in the financial statements. The proposals would result in a new IFRS Standard that sets out general presentation and disclosure requirements relevant for all companies.
Responding to investor demand, the proposals would require more comparable information in the statement of profit or loss (including operating profit) and a more disciplined and transparent approach to the reporting of management-defined performance measures ('non-GAAP'). These proposals could represent a game changer in the comparability and usefulness of financial statements.
Rika and Aida will provide an overview of the proposals while also answering the following;
• Where can users learn more about the Board's consultation?
• How would these proposals affect investment analysis?
• How can users provide their views on this consultation?
Ms. Rika Suzuki, a member of the International Accounting Standards Board(IASB)
Ms Suzuki was the IFRS Leader and Assurance Partner of PwC Aarata LLC in Japan, where she provided advice on accounting and reporting issues under IFRS Standards, Japanese GAAP and US GAAP. She also supervised reviews of IFRS transition and application for large multinationals and other listed companies. Ms Suzuki was a member of the Accounting Standards Board of Japan (ASBJ)'s Special Committee for IFRS Implementation. She also chaired the Japanese Institute of Certified Public Accountants (JICPA)'s Working Groups for Japan's Modified International Standards (JMIS) and Revenue Recognition.
Ms. Aida Vatrenjak
Aida is technical staff at the Board and leader of the Primary Financial Statements project. Before joining the Board's technical team in 2008, Aida worked as a management consultant in economies in transition, helping public companies with restructuring and implementation of IFRS Standards.
She is an ACCA fellow and has an MBA from Warwick Business School.
If you wish to attend this webinar, please register via website.
※We will send the link to Zoom webinar to the registrants before the event.
CFA Society Japan