This three-day course is essential for anyone who is involved in financial reporting or the interpretation of financial statements under IFRS. It reviews key standards under IFRS with a focus on recently changed or changing IFRS and Interpretations. The course takes a comprehensive look at the recent developments, the impact they may have, the judgements required and how to implement them.
As the effective dates of IFRS 9 Financial Instruments, IFRS 15 Revenue and IFRS 16 Leasing draw near we are on the verge of seeing far reaching changes in the way many corporates report their financial results. We will review the key changes to be adopted and examine how early adopters of these standards have addressed their requirements and the impact they have had on their financial statements.
Looking beyond the immediate changes there are many future developments, some of which are in advanced stages, others which are still at discussion stage. The outcomes of these proposals could have significant impacts upon the presentation, recognition or measurement of transactions and impact upon commercial decisions that you are taking now; you need to understand how these may impact you so that you can future proof those decisions.
Specific areas covered include:
- Review of progress on completing the conceptual framework
- Comprehensive review of the disclosure initiative
- Amendments to Standards which became mandatory for 2016 year ends
- New and amended standards and interpretations which become mandatory for 2017
- New standards becoming mandatory in 2018 and 2019, including in depth reviews of IFRS 9, IFRS 15 and IFRS 16
- Overview of progress on the new insurance standard
- Status of recent exposure drafts and in depth review of the more critical ones
- Project updates on development areas including work of the IFRS Interpretations Committee
- Case studies to see how the changes work in practice.
For more information about this conference visit https://www.researchandmarkets.com/research/wlpk9k/ifrs_accounting