IFRS Update and Application Briefing
- All levels
- 18 and older
- $2,915.75
- Virtual Classroom
- 16 hours over 4 sessions
Jun 10th
2–5:30pm EDT
Meets 4 Times
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Mon, Jun 10th, 2–5:30pm EDT
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- $2,915.75
- 16 hours over 4 sessions
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Class Description
Description
What you'll learn in this ifrs training:
This two-day IFRS Update and Application Briefing is designed for experienced preparers and users of IFRS financial statements. It has two aims
- To explain clearly the requirements of significant new and amended Standards and Interpretations effective for 2019 and later
- To share recent practical experience of implementing IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers
The comprehensive course materials also cover all other published amendments to IFRSs and current outstanding Exposure Drafts.
Please note that, given the specialised nature and complexity of IFRS 17 Insurance Contracts, time does not permit in-depth coverage of IFRS 17. For those with a particular interest in insurance, we recommend our three-day program, Insurance Contract Accounting Workshop.
This program provides answers to questions such as:
- What are the recent and likely future changes to IFRSs?
- When must they be applied?
- What are the transitional provisions?
- How do the new requirements differ from current rules?
- What are the best ways of implementing these requirements?
- What are the financial statement and performance reporting implications?
Learning Objectives
- Be prepared to comply with changes in IFRSs
- Learn how to implement the latest developments
- Network and exchange insights with other experienced practitioners
- Benefit from real-world illustrations and examples of implementing recent Standards
- Plan ahead for expected future changes
Topics
Significant new and amended Standards- IFRS 16 Leases (replacing IAS 17 from 2019)
- IFRS 17 Insurance Contracts (replacing IFRS 4 from 2022)
- IFRIC 23 Uncertainty over Income Tax Treatments (effective 2019)
- IFRS 9 Financial Instruments
- IFRS 15 Revenue from Contracts with Customers
Overview of other amendments to standards, including
- Annual Improvements 2015-2017 Cycle
- IAS 1 and 8 Definition of Material
- IFRS 3 Definition of a Business
Current Exposure Drafts
Update on latest IASB Work Plan
Teaching Method
- Group live instruction, cases, examples, group work, open discussions
- Description and explanation of changes in IFRSs, including implementation requirements and transitional rules
- Use of illustrative IFRS financial statements and worked examples
- Interactive participation is encouraged
- All participants receive a comprehensive binder containing copies of the presentation slides, handouts and other course materials
Prerequisites
A reasonable prior knowledge of the technical requirements of IFRSs. No advance preparation is required for this course.
Remote Learning
This course is available for "remote" learning and will be available to anyone with access to an internet device with a microphone (this includes most models of computers, tablets). Classes will take place with a "Live" instructor at the date/times listed below.
Upon registration, the instructor will send along additional information about how to log-on and participate in the class.
Refund Policy
Cancellation/Refund Policies:
- Provider reserves the right in its sole discretion to cancel or reschedule an Event, or to change the instructor without notice. You will be entitled to no compensation or damages in such a case.
- If Provider cancels an Event (or reschedules it to a date inconvenient to you), we will provide a full refund within 30 days upon your written request, or at your option you may transfer the credit to another Provider Event or to another person.
- If you cancel your registration in writing to Provider at least 14 days before the start of the Event, we will provide an 80% refund - the remaining 20% represents our administration fee. Alternatively, you are welcome to transfer the full credit to another course or to another person at no extra charge.
- If you cancel your registration with less than 14 days prior written notice to Provider, or do not attend the Event for any reason whatsoever, no refund will be made and no Provider Content will be distributed to you. A transfer of the credit to another course or to another person may be possible, in Provider's sole discretion, at an extra charge equal to 20% of the original registration fee.
- No refunds will be made after you have attended the Event. Nonetheless, the Provider is proud of its reputation in the marketplace and also of its level of customer service, and will always seek to address any concerns that you may have before, during or after the course.
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- This class will earn you 29158 points. Points give you money off your next class!
IASeminars
Whatever your requirements are for training in international accounting, you can be assured that IASeminars are ready to deliver. Offering topics such as IFRS, US GAAP, IPSAS, Management Accounting and Banking Regulation, here at IASeminars we are passionate about helping you progress your professional...
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