You are viewing all posts by, Dave Zdechlik

Dave Zdechlik

cpa, iWorks, SunGard’s insurance business

12
May
2011

IFRS Implementation – Have you thought about human capital in your IFRS planning?

Contributor: Dave Zdechlik

In my last blog, I discussed that IFRS is coming and it will affect many facets of your organization…not just the accounting department. It focused on assessing how IFRS may affect your organization and some ideas as to what type of planning could take place now. Within this blog I wanted to discuss a topic that should definitely be part of our IFRS planning but may only come to our mind in a general sense when pondering IFRS. Regarding IFRS, we normally think about the accounting pronouncement(s) that may affect our organization. For example, what will our financial statements look like, what new software will be required for our accounting system…etc. But what about our human capital?... read more

No Comments »

Tags:

Posted in Efficiency, Insurance |

Dave Zdechlik

cpa, iWorks, SunGard’s insurance business

8
Feb
2011

IFRS is coming, IFRS is coming…

Contributor: Dave Zdechlik

I don’t think Paul Revere was very worried about IFRS in 1775; however today, as with the British back then, IFRS is coming. We keep hearing about the SEC decision in 2011. What does that really mean? As mentioned in last month’s blog post, if the SEC decides to require IFRS prepared financial statements, the talk is that 2015 would be the first year of IFRS only financial statements (the first year of no dual reporting of GAAP and IFRS). However, don’t be deceived, the SEC requires three years of comparative financial statements which means 2013 would be the first year of financial statements prepared under IFRS.... read more

1 Comment »

Tags: , , , , , , ,

Posted in Insurance, Risk & Reg Reform, Transparency |

Dave Zdechlik

cpa, iWorks, SunGard’s insurance business

10
Jan
2011

IFRS/GAAP Convergence

Contributor: Dave Zdechlik

Last month, my blog post discussed the current status of the Securities and Exchange Commission’s (SEC) review of International Financial Reporting Standards (IFRS), with the goal of providing an overview of the issues and likely timeframe for an announcement. Today, the focus is on convergence and the implications this has for insurers.... read more

1 Comment »

Tags: , , , , , , , , , , ,

Posted in Insurance, Risk & Reg Reform, Transparency |

Dave Zdechlik

cpa, iWorks, SunGard’s insurance business

9
Dec
2010

International financial reporting standards – timeline

Contributor: Dave Zdechlik

International Financial Reporting Standards (“IFRS”) are the standards being utilized by many companies around the world and IFRS is fast becoming the global accounting standard. The ultimate goal of IFRS is to put all companies on the same playing field when it comes to financial reporting. These standards will allow for the comparison of financial statements between companies no matter what country a company may be domiciled.... read more

3 Comments »

Tags: , , , , ,

Posted in Insurance, Transparency |