Opportunity is knocking for career enhancement.

Here is a chance to potentially enhance your career, maximize job security or reinvent yourself to fill imminent gaps. We are talking Red Flag, XBRL and IFRS. These target public entities and reach into private small/medium size enterprises (SME’s) and public/non-profit sectors.  Are we able and ready?

Red Flag is almost past tense with a due date of August 2009. XBRL for entities required to publicly publish financial results is present; and IFRS US is looming for 2012.

How long before these are standard topics in higher education curriculums, CPA, CMA, CIA, CISA and other certification exams?  The AICPA is talking about adding IFRS to the CPA exam by 2011.  Lucky for us CPE providers are on top of it.

Are accounting professors and professionals being proactive to avoid becoming obsolete or on standby and stunting their careers?

Correction, it isn’t just the accounting profession.  XBRL and IFRS also impact the software development industry.  Opportunity lost if IT development and reporting professionals are behind the curve.

IFRS clearly impacts professionals in Tax, Legal, Title/valuation and Real Estate leasing.  What are these professionals doing? I wonder when the IRS and government agencies will align with IFRS requirements.

Congratulations, our value and thus rate just increased! Curious as to how many of us are currently exploiting this opportunity or have plans to do so. Please advise.