Application of New & Revised IFRSs
IFRS Update Course
Are you prepared for the changes in International Financial Standards (IFRS) from 1 January 2013?
Is your company a leasing company or do you lease many assets from premises to fleet of cars? Do you know what the expected changes in accounting for leasing are?
Do you prepare consolidated financial statements? Have you heard of IFRS 10?
Do you know that there is a new standard which deals with fair value?
Are you a small or medium sized business? Do you know that you can use simplified version of IFRS for SMEs?
This 2-day course is appropriate for everyone who works with IFRS and needs to be up to date about changes to be implemented in the future. The course can be attended by people from various background and level of experience.
Where appropriate we will discuss the current treatment and new application.
We will discuss practical application and solve questions and case studies.
All participants will receive printed material to save you time writing long notes and concentrate on understanding of
the topics discussed.
The course will include a presentation on the latest developments in IFRS, illustrated by examples and all thoroughly explained. To make it more lively, participants will work through a case study illustrating the use of existing and new IFRSs. We will specifically focus on the difficulties the transition from previous reporting to IFRS, with practical suggestions.
Convergence with US GAAP – Memorandum of Understanding
Exposure draft - Leases with recent changes discussed by IASB
Exposure draft – Revenue from Contracts with Customers
IFRS 10: Consolidated financial statements
IFRS 11: Joint arrangements
IFRS 12: Disclosure of involvement with other entities
IFRS 13: Fair value measurement
Amendment to IAS 19: Employee Benefits
Amendment to IAS 1: Presentation of items in other comprehensive income
Amendment to IAS 12: Income Taxes
IFRS 7: Transfer of financial assets
Annual Improvements 2007 – 2009 – summary of changes to IFRS 2, IFRS 5,IFRS 8, IAS 1, IAS 7, IAS 17, IAS 18, IAS 36, IAS 38 and IAS 39
Annual Improvements 2008 – 2010 – summary of changes to IFRS 1, IFRS 3, IFRS 7, IAS 1, IAS 27 and IAS 34
Exposure draft: Annual Improvements 2009 - 2011
IFRS 9: Financial instruments: the replacement of IAS 39
IFRS for SMEs