IFRS Updates 2024
Up Coming Events, Up Coming Training

IFRS Updates 2024

19th , 20th & 21st FEBRUARY 2024

SOFITEL HOTEL, DUBAI – U.A.E.

Understanding the breadth & depth of implementing the latest IFRS developments to keep your organization compliant with up-to date international standards including the new ESG Reporting Standard.

Course Facilitator
Prof. Hentie Vab Wyk
Program Director Accounts – University of Free State (South Africa)

COURSE OVERVIEW

It has become critical for companies to understand the impact of various provisions of International Financial Reporting Standards (IFRS) on accounting reports, there is increasing pressure for companies to ensure that their records are compliant with these international standards & principles.

This comprehensive 3-day IFRS workshop covers the latest developments in IFRS & a refresher on widely used IFRS.
Candidates will obtain comprehensive knowledge of the new IFRS standards together with examples and illustrations indicating how these standards should be implemented in practice.

WHY YOU CANNOT MISS THIS EVENT:

  • The radical developments of the above-mentioned standards and frameworks make it imperative for all members in the financial environment to keep abreast with the changes.
  • If you attend this seminar, you will be well equipped with the necessary financial reporting knowledge to carry you through the next 5 years as the IASB will only focus on improving the current standards in the medium term.
  • You cannot teach accounting without examples. The practical examples make this training event unique and different from the rest.

LEARNING OUTCOMES:

  • Gain practical knowledge on all the new developments in IFRS, for example, IFRS 9, IFRS 13, IFRS 15, IFRS 16, and IFRS 17, whilst also refreshing the principles of the existing standards.
  • In context with ESG Reporting, understand the roles & future plans of the International Sustainability Standards Board (ISSB)
  • Understanding the principles of the new conceptional framework will give candidates a better insight into future IFRS developments and of changes to accounting standards in the pipeline.
  • Knowledge of integrated reporting and integrated thinking will pave the way for better and comprehensive future corporate reporting.
  • Candidates will gain benefit from the numerous practical examples and illustrations.

    Inquiry

    Day 1Day 2Day 3

    Framework

    • New conceptual framework
    • for financial reporting
    • IFRS 13 Fair value
    • measurement

    Presentation

    • IR Integrated reporting
    • IAS 1 Presentation
    • IAS 7 Statement of cash
    • flows
    • IAS 33 Earnings per share
    • IAS 8 Changes in Accounting
    • policies, estimates and prior
    • period errors
    • IFRS 5 Non-current assets
    • held for sale and
    • discontinued operations

    Revenue

    • IFRS 15 Revenue from
    • contracts with customers
    • IAS 20 Government grants 

    Asset/ Liability/ Expense related

    • AS 21 Foreign exchange
    • (Including IFRIC 22)
    • IAS 23 Borrowing costs
    • IAS19 Employee benefits
    • IAS 12 Taxation
    • IAS 36 Impairment of assets

    Assets

    • IAS 2 Inventory
    • IAS 16 Property, plant and
    • equipment
    • IAS 38 Intangible assets
    • (Including SIC 32: Website
    • costs)
    • IAS 40 Investment property
    • IAS 41 Agriculture
    • IFRS 16 Right-of-use asset
    • (Lessee)
    • IFRS 9 Financial Assets
      • @ Cost/Amortized cost
      • @ FV through P/L
      • @ FV t OCI (Mandatory)
      • @ FV t OCI (Elected)

    Liabilities and Equity

    • IAS 32 Equity instruments
    • IFRS 9 Financial liabilities
    • IFRS 16 Lease liabilities
    • IAS 37 Provisions and
    • contingencies (IAS 10 Events after
    • reporting date, IFRIC 21 Levies,
    • IFRIC 1 and IFRIC5
    • Decommissioning liabilities and
    • Funds)
    • IFRS 2 Share-based payments
    • IFRIC 17 Distributions of non-
    • cash dividends
    • IFRS 17 Insurance

    Group Statment

    • IFRS 3 Business combinations
    • IFRS 10 Consolidated financial
    • statements
    • IFRS 11 Joint arrangements
    • IAS 28 Associates and JVs
    • Liabilities and equity

    10 Major differences between IFRS and US GAAP