IFRS Accounting Standards: Focusing on New Development-Feb 2025 Dubai
Up Coming Events, Up Coming Training

IFRS Accounting Standards: Focusing on New Development-Feb 2025 Dubai

24th, 25th & 26th February 2025

Dusit Thani Hotel, Dubai – U.A.E.

Master new IFRS developments to boost compliance, transparency, and reporting accuracy with expert-led training

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

Benefits that you will gain from the IFRS Accounting Standards:

  • The course focuses on all the new developments in IFRS Accounting Standards, issued by the International Accounting Standards Board (IASB) whilst also refreshing the principles of the existing Accounting Standards.
  • Understanding the principles of the new conceptional framework will give candidates a better insight to future developments of IFRS Accounting Standards and of changes to IFRS Accounting Standards in the pipeline
  • The course will also focus on the new IFRS 18 Presentation and Disclosure in Financial Statements (replacing IAS 1) and will also deal with the consequential changes to IAS 7 Statement of Cash Flows, IAS 8 Basis of Preparation and IAS 33 Earnings per Share. The new disclosures of Management-defined performance measures will also be discussed.
  • The New International Sustainability Standards Board’s (ISSB) sustainability standards, IFRS S1 General Disclosure of Sustainability Risks and Opportunities and IFRS S2 Climate Change Disclosures will also be introduced.
  • The new revised Integrated Report will also be covered.
  • Other new IFRS Accounting Standards, IFRS 9 Financial Instruments, IFRS 13 Fair Value Measurement, IFRS 15 Revenue, IFRS 16 Leases, IFRS 17 Insurance and IFRS 19 Subsidiaries without public accountability.
  • The new proposed changes to the IFRS for SME’s Accounting Standard will also be introduced.
  • Candidates will gain benefit from the numerous practical examples and illustrations. You can’t teach accounting without examples. The practical examples make this training event unique and distinguish it from the other IFRS courses.

    Inquiry

    Day 1Day 2Day 3

    Framework

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

    Presentation

    • IR Integrated reporting
      • (Revised 2021)
    • IFRS 18 (replacing IAS 1 Presentation and disclosure in financial statements)
      • (Revised 2021)
    • IFRS S1 and S2 Sustainability reporting, including climate change IFRS 8: Segment reporting

    • IFRS Practice statement 1: Management commentary

    • IFRS Practice statement 2: Making materiality judgements

    • 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
    • IAS Related party disclosure

    • IFRS Taxonomy

    Revenue


    • IFRS 15 Revenue from

    • contracts with customers

    • IAS 20 Government grants 

    Asset/ Liability/ Expense related

    • IAS 21 Foreign exchange (Including IFRIC 22)IAS 23 Borrowing costs

    • IAS19 Employee benefits

    • IAS 12 Taxation

    • IAS 36 Impairment of assets
    • IAS 16 Property, Plant & Equipment

    Assets

    • IAS 2 Inventory

    • 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
      • liability

    Group Statements and consolidations

    • IFRS 3 Business combination

    • IFRS 19 Subsidiaries without public accountability

    • IFRS 10 Consolidated financial
      • statements

    • IFRS 11 Joint arrangements

    • IAS 28 Associates and JVs

    Others


    • New revised IFRS for SME’s : Summary of proposed changes

    • Summary of recent developments since 2020

    • 10 major difference between IFRS and US GAAP