CFA Results Hit Wall Street CFA Institute Collaborates with IASeminars to Offer IFRS Training 2011

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CFA Institute, the global association of investment professionals, announces that it is collaborating with IASeminars, an independent global provider of training on International Financial Reporting Standards
New York, NY, July 21, 2011 --(PR.com)-- CFA Institute, the global association of investment professionals, announces that it is collaborating with IASeminars, an independent global provider of training on International Financial Reporting Standards (IFRS), to jointly offer a comprehensive range of IFRS-related programs.

“With the ongoing trend moving away from national accounting principles towards global reporting standards, there will likely be significant demand for IFRS training from the worldwide community of financial statement preparers and users, including investment analysts,” said Tom Robinson, CFA, managing director of the Education division at CFA Institute. “Collaborating with such a well-established company as IASeminars will allow us to extend our educational offerings within the field of accounting standards to members as well as other finance professionals through the many training programs available.”

“IASeminars is proud to work with CFA Institute to deliver IFRS training solutions to CFA members and others. Our experience in training over 12,000 professionals worldwide since 2002 will be invaluable to those approaching IFRS for the first time,” said IASeminars CEO Marc Gardiner.

IASeminars offers over 100 different international accounting topics in some 40 cities around the world, including Abu Dhabi, Buenos Aires, Chicago, Johannesburg, London, New York, Toronto, and Zurich, among others. By collaborating with IASeminars, CFA Institute will offer its members and other key stakeholders additional professional development opportunities on a topic that is expected to attract considerable interest.

Courses currently available include:
• US GAAP / IFRS Convergence – What it Means to You (1 day)
• IFRS Basics (20 days, online)
• IFRS Basics with US GAAP Comparison (3 days)
• IFRS Disclosure and Presentation Requirements (2 days)
• IFRS for the Oil & Gas Sector (2 days)
• IFRS for Derivatives and Hedging (2 days)
• IFRS Adoption and Implementation Workshop (2 days)

We also need to approach investor education with a “sense of humility,” said Stephen Horan, a CFA charterholder and head of private wealth management at the CFA Institute. “There's a lot out there that we don't know,” he said

Results are out Tuesday and 39% of those who took the first level test passed, according to CFA Institute. That is up from the 36% pass rate in December 2010. 43% passed the Level II exam. The results for Level III will be available in August.

The CFA program, unlike the MBA, is focused on investment knowledge and has increasingly become a mark of distinction for investment professionals. It is often seen as career booster for Wall Street executives.