Course Description

Companies reporting under International Financial Reporting Standards (IFRS) continue to face a steady flow of new standards and interpretations. The resulting changes range from significant amendments of fundamental principles to some minor changes from the annual improvements process. The changes will affect different areas of accounting, such as recognition, measurement, presentation and disclosure.  It can be time-consuming and confusing to keep up-to-date on the resulting impact on financial statements and disclosures. 

This webinar will provide an executive summary of recent IFRS updates with current and upcoming effective dates. 

Major Topics Covered

• Recall where financial statement preparers should focus the most time and attention on now when preparing interim and annual financial statements, such as:
  • Annual improvements to IFRS Accounting Standards
• List highlights of recently-issued IFRS pronouncements, focusing on changes with upcoming effective dates, such as:
  • Foreign currency with lack of exchangeability
• Recognize the most significant accounting and financial reporting changes with future effective dates that entities should be preparing for now
  • Amendments to the classification and measurement of financial instruments
  • Presentation and disclosure in financial statements in IFRS 18

Learning Objectives

• Explore where financial statement preparers should focus the most time and attention on now when preparing interim and annual financial statements
• Discover highlights of recently-issued IFRS pronouncements, focusing on changes with upcoming effective dates
• Recognize the most significant accounting and financial reporting changes with future effective dates that entities should be preparing for now

Prerequisites

• Basic

Who Should Attend

CPAs, accounting/finance professionals impacted by International Financial Reporting (IFRS) standards.