IFRS Update
The course aims to provide an update on recent developments in IFRS.
Through case studies, we give practical guidance on and resolve difficult issues companies may face in preparing/analyzing financial statements under IFRS.
This training course is addressed to those responsible for preparing and analyzing financial statements under IFRSs. It is intended for people who already have a knowledge of international standards and need to update this knowledge, especially due to new or amended standards introduced in the last two years.
Course methodology
- This is a one-day course, which will comprise a mixture of lectures, questions and answer sessions, practical exercises and illustrations. Delegates will receive full course notes in English
- Training will be conducted in English
- This is an ONLINE LIVE training programme with the following features:
- ‘Classroom effect’ so that everyone knows who the other participants are and can communicate with them and tutor via chat
- Sharing screens so that participants can view the trainer’s screen and work together with them in real time
- Possibility to communicate via audio with small groups or when the trainer allows
- Downloadable materials all in one location, printable
- Surveys, polls, MCQs and open questions during the training: responses broadcast in real time (under the trainer’s control)
- CPD certificates issued to participants
Materials
- Summaries of the IFRS standards governing the issues included in the programme
- Case Studies with solutions
Course programmme
We will start by examining IFRS 16: Leases. We will then focus on some of the more recent pronouncements such as IFRS IC agenda decisions, and then we will discuss IFRS 9: Financial Instruments and IFRS 15: Revenue from Contracts with Customers as they are being applied in 2019 and as they apply to business entities. We will also discuss issues that have arisen in implementing these standards.
Agenda
- IFRS 16 – leases: practical issues of the new lease standard
- IFRS and IC updates
- IFRS 15 – revenue from contracts with customers: lessons learned – the first practical experience
- Implementation of IFRS 9 on Financial Instruments