Description
Course outline:
IFRS sees exciting new changes affecting presentation and disclosure in the financial statements. Many of the new changes will affect entities in one way or another, whether your entity is a sole proprietor or you are part of a major group consolidation.
This session explores some of the significant changes that entities should be aware of. We explore changes that are already effective, those lurking in the near future and those that are on the horizon.
Content:
The areas we will be covering in the session are:
1. Those standards effective from 1 January 2024:
a. Classification of liabilities as current or non-current – amendments to IAS 1
b. Non-current liabilities with covenants – amendments to IAS 1
c. Supplier finance arrangements – affecting IFRS 7 and IFRS 9
d. IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information
e. IFRS S2 Climate-related Disclosures
2. IFRS 17 Insurance contracts – effective 1 January 2023:
a. Focusing on implementation as per Appendix C
3. IFRS 18 Primary Financial Statements
a. An introduction to the new standard effective from 1 January 2027
4. IFRS 19 Subsidiaries without Public Accountability
a. An introduction to the new standard and who is eligible to apply it – effective from 1 January 2027
5. Other exciting developments to take note of:
a. Current Exposure Drafts currently open for comment
b. Interesting pipeline projects on the IASB’s radar
Important to note:
- The course is open for 12 months and will then close
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A recording will be made available after the session. The recording will be available even if you were not able to join the session, and thus no refund will be applicable.
