FinHarmony - Conseil et formation comptabilité, consolidation, finance, IAS IFRS

Impacts of the IFRS onto CAC40 companies

2010-05-28T12:37:42Z

The IAS has been aplied since beginning of this year. What are the impacts on the CAC40 companies ?

FinHarmonyDiag Press release - 07/01/05

2005-01-06T23:00:00Z

ECONOMICS - FINANCE

The staff of the IASCF* have reviewed and approved the on-line diagnostic tool “FinHarmony-Diag®”

After an extensive review, the staff of the IASCF* have deemed worthy of their label the FinHarmony-Diag®. on-line diagnostic tool

IAS/IFRS**: A world-wide issue, a deadline for Europe

The transition to IAS/IFRS** standards is, both for accounting and financial communication, a major challenge for companies, whether listed or not.

Resulting in major changes in the elaboration as in the drafting of financial communication elements, the new international standards have set higher levels both of content and presentation of information.

To this day, no other tool approved by the international regulatory body made it possible for financial management teams and auditors to ensure the compliance of their financial documents and statements with IAS/IFRS**

A unique tool designed for accounting and financial communication professionals

The only on-line diagnostic tool reviewed and approved by the staff of the IASCF*, FinHarmony-Diag® is an interactive check-list designed for an extensive, quick and sure review of your financial statements' compliance with IAS/IFRS** in terms of financial information disclosure.

Key features:

An intelligent questionnaire: a series of preliminary questions sets a scope limited to the sole issues relevant to the company;
Updated on a regular basis with over 450 questions and 800 checking items based on the “stable plat-form” applicable from 2005;
Easy to use, thanks to multiple entry points into the questionnaire: by standard, by financial document, by item, by issue, by given answer;
Systematic cross-referencing to the corresponding standard's text through a dynamic link;
Easy use of results: the tool allows for a simple rendering of all checks as charts and detailed reports, the parameters of which are fully customisable;
Available in French and English, and soon to be released in German, Spanish, Italian and Dutch;
No software to install, a mere Internet browser is enough;
A FinHarmony Hotline to overcome any technical difficulty.

Concerned users

Anyone involved in an IAS/IFRS transition project: Consolidation Manager, Financial Director, IAS/IFRS Project Manager, Financial Communication Manager, Auditor, Consultant, etc.

** IASCF : International Accounting Standards Committee Foundation (http://www.iascf.org) * IAS/IFRS : International Accounting Standards/International Financial Reporting Standards

FinHarmony

FinHarmony the corporate world

For 4 years, FinHarmony, whose team of experts is particularly acknowledged on the topic of IAS/IFRS standards, has been coaching companies throughout their financial harmonisation projects through two types of service: consulting and training.

FinHarmony and France's accounting regulatory bodies

To ensure the concrete and extensive training of their members to the new accounting standards, Conseil Supérieur de l'Ordre des Experts-Comptables and Compagnie Nationale des Commissaires aux Comptes have called on FinHarmony and HEC Management (France's leading business school) to prepare and deploy the “Visa pour les IFRS“ programme. This 150-hour programme broaches on the whole corpus of standards and their implications from a chartered accountant and auditor's perspective.

Les IAS/IFRS en substance

A condensed version of the IAS/IFRS standards - in French - was necessary to partake in their dissemination. In a pocket format, co-edited with Expert Comptable Média, this opus can be taken along by any accountant or financial manager involved in such a transition.

FinHarmony - 36 Boulevard de la Bastille - 75012 PARIS
http://www.finharmony.net
Tél. : 00.33.1.53.17.39.00

Contact: Jérôme VERNHES
Tél. : 00.33.1.53.17.39.00
jerome.vernhes@finharmony.net
http://www.finharmony.net

IAS/IFRS en substance press release - 04/11/04

2004-11-03T23:00:00Z

This press release concerns the publication of a summary of the IAS/IFRS standards in French.

Paris, le 04 novembre 2004

ECONOMIE - FINANCE

COMMUNIQUE DE PRESSE

Sortie de la version condensée des normes IAS/IFRS au format de poche :

« Les IAS/IFRS en substance »

Une problématique mondiale, une échéance européenne

Le passage aux normes IAS/IFRS* constitue, tant pour l'aspect comptable que pour la communication financière, un défi majeur pour les sociétés, qu'elles soient cotées ou non.

La version publiée des ces normes, en évolution depuis plusieurs années, est tout juste stabilisée le 31 mars 2004. Cette dernière version, appelée « plate-forme stable » représente quelque 2.250 pages de texte. Il s'agit de la version d'application obligatoire en 2005 en Europe.

Un outil pratique destiné aux professionnels de la comptabilité et de la communication financière

Co-édité avec Expert Comptable Média, « Les IAS/IFRS en substance » résume, en français, chacune des normes de la plate-forme stable 2005, telle qu'élaborée par l'IASB** au 31 mars 2004.

L'objectif de cet ouvrage de 72 pages n'est pas de se substituer aux textes des normes elles-mêmes mais de les résumer tout en donnant les références aux paragraphes des normes.

Présenté au format de poche et rédigé par les experts de FinHarmony, cet ouvrage pourra accompagner tout professionnel concerné par cette transition.

Jusqu'à ce jour exclusivement distribué par le Conseil Supérieur de l'Ordre des Experts-Comptables lors de son congrès d'octobre 2004, cet ouvrage est désormais accessible au grand public.

* IAS/IFRS : International Accounting Standards/International Financial Reporting Standard ** IASB : International Accounting Standards Board (http://www.iasb.org)

Prix : 15 € - Rédaction / Distribution : FinHarmony.

FinHarmony, forte d'une équipe d'experts reconnue sur le sujet des normes IAS/IFRS, accompagne les entreprises dans leurs projets d'harmonisation financière à travers deux types de prestations : le conseil et la formation.

FinHarmony - 36 Boulevard de la Bastille - 75012 PARIS - http://www.finharmony.net

Prière d'insérer :

La version publiée de la plate-forme stable des normes IAS/IFRS, en évolution depuis plusieurs années, est tout juste stabilisée le 31 mars 2004.

Co-édité par Expert Comptable Média et FinHarmony, « Les IAS/IFRS en substance », résume, en français, chacune des normes de la plate-forme stable 2005, telle qu'élaborée par l'IASB** au 31 mars 2004.

L'objectif de cet ouvrage de 72 pages n'est pas de se substituer aux textes des normes elles-mêmes mais de les résumer tout en donnant les références aux paragraphes des normes.

Présenté au format de poche et rédigé par les experts de FinHarmony (www.finharmony.net), cet ouvrage est destiné à accompagner tout professionnel concerné par cette transition.

Contact : Jérôme VERNHES Tél. : 01.53.17.39.00

Summary of the Visa pour les IFRS certifying programme

2004-02-26T23:00:00Z

The French professional institutes' IFRS certification programme

In 2003, the French professional Institutes, Conseil Supérieur de l'Ordre des Experts-comptables (CSOEC) and Compagnie Nationale des Commissaires aux Comptes (CNCC) launched the first-ever long-training programme on IFRS: “Visa pour les IFRS”.

The first groups trained jointly by HEC and FinHarmony have now completed the programme. On February 25, 2004, 68 professionals were awarded the Institutes' certificate.

Brief description of the programme First of its kind, this major, innovative programme enables the participants to acquire an in-depth knowledge of the new accounting standards. The programme represents 150 hours of work (120 hours in class, 30 hours of personal work), spread over either 6 sessions of 2 ½ days or 3 sessions of 5 days. Participants are trained to a daily practice of this referential; they are able to debate about best practices in IFRS auditing, and to look into the stakes involved in their clients' transition to IFRS.

The training tackles the perspective of the accountant, as well as that of the auditor, and of the entity's board. It is therefore completely tailored to the practical issues faced by professionals. In order to cater for the accountants' and auditors' training requirements, the professional Institutes convened a team of specialists in training material conception and animation.

Following a public bid, they elected a tandem of teachers/practitioners, made up of Groupe HEC (the elite French business school) and FinHarmony, a training and consulting firm, expert in international standards. This two-pronged structure (theory and practice) has enabled participants to address standards with a critical mind, all the while highlighting the highly practical element of the issue.

At the end of the training programme, the participants wrote and attended a professional, practical dissertation and sat a final quiz.

A national-scale jury then convened to award the “Visa” to those candidates who satisfied all criteria. To date, they are 68, out of the 85 first attendees, to have been awarded the Institutes' certificate. This certificate was officially bestowed last February 25, by Mr Michel Tudel, President of CNCC, and Mr William Nahum, President of CSOEC, under the patronage of Mr Gilbert Gélard, IASB board member.

More registrations than originally expected At end-2003, 171 auditors/statutory auditors had been or were being trained, vs. 40 initially expected. Likewise, 36 trainers were themselves trained, vs. initial expectations of 8. The training material, once finalised, was tested, and has been continually updated. It consists in 2000 slides broken down into 6 folders, 50 case studies, a summary case study, 2 quizzes (for knowledge assessment), numerous examples drawn from financial current affairs (around 40 companies are named during the programme)…

2003 saw the launch of 4 seminars in Paris, followed by 6 seminars in the rest of France: Dijon, Lyons, Nice, Angers, Nancy-Strasbourg, and Toulouse. To date, 6 additional seminars are due to launch in 2004.