Israeli entities must comply with IFRS (previously known as International Accounting Standards or IAS) by 1/1/2008 which will have a profound effect on the Israeli financial reporting and operational landscape. These standards represent far more than another set of accounting issues, they raise significant business issues which will need to be addressed. Understanding the impact of the changes on your profits, net assets and operations may provide you with an advantage over your competitors.
Deloitte has developed a series of IFRS training modules which are offered free (upon registration) as a public service. Each module (approximate size: 3MB) can be downloaded as a .zip file and provides: