Acc003
ifrs update

Course Overview

This two-day course provides a detailed update to experienced professionals on the current developments in standards. It is designed to cover Standards with future applicability, Exposure Drafts and the IASB’s plans, giving participants up-to-the minute information and providing an ability to foresee how anticipated and published changes may affect their organisations.

quick glance

Duration

2 days

Training mode

Hybrid (Physical/Virtual)

Category

ACCOUNTING

Location

Lagos
London

Date

13th - 14th March 2023 (Lagos)
7th - 8th June 2023 (London)

Info

This two-day course provides a detailed update to experienced professionals on the current developments in standards. It is designed to cover Standards with future applicability, Exposure Drafts and the IASB’s plans, giving participants up-to-the minute information and providing an ability to foresee how anticipated and published changes may affect their organisations. It includes coverage of new IFRSs, hands-on case studies, examples, exercises, and benefits from the interactive participation of the attendees.

Course Content
  • Financial Instruments (replacing IAS 39, effective 2018)

    • Classification and Measurement of Financial Assets (November 2009)
    • Classification and Measurement of Financial Liabilities and Derecognition (October 2010)
    • Hedge Accounting (November 2013)
    • Expected Credit Losses (July 2014)
    • Limited Amendments to the Classification and Measurement Requirements for Financial Assets (July 2014) Revenue Recognition
    • IFRS 15: Revenue from Contracts with Customers (May 2014, effective 2017)
    • Leases
    • Insurance Contracts Overview of other new standards or recent amendments to standards
    • IFRS 14 Regulatory Deferral Accounts (January 2014)
    • Investment Entities (amendments to IFRS 10, IFRS 12 and IAS 27) Annual Improvements 2012-2014 Cycle
    • Other amendments to IAS 8, IAS 16 , IAS 24 and IAS 38 Overview of recent IFRS Interpretations Committee pronouncements. Overview of IASB deliberations on outstanding Exposure Drafts. Update on the latest IASB Work Plan
Learning Objectives

 At the end of the course, participants will be able to:

  • Be up to date on new standards, exposure drafts and pronouncements
  • Confidently review IFRS financial statements
  • Comply with IFRS disclosure requirements, including accounting policies
  • Identify the optional and mandatory requirements of specific standards
  • Have a greater understanding of the considerations when deciding which of the optional treatments in IFRS 9 to apply
Who should attend?

For experienced individuals at all levels within an organization who need to update their knowledge of IFRSs.