IFRS Technical Update (2 days)

Course code: 1082

Introduction

This two-day IFRS Technical Update course has been specifically developed to bring experienced preparers and users of IFRS financial statements up-to-date with recent developments. Course content includes coverage of newly effective and newly issued IFRSs and Interpretations, recent amendments to existing Standards and Interpretations, Exposure Drafts and other recent developments. Implementation issues are discussed, and clear guidance is provided using practical examples.

This program provides answers to questions such as:

  • What are the recent and likely future changes to IFRSs?
  • When must they be applied?
  • What are the transitional provisions?
  • How do the new requirements differ from current rules?
  • What are the financial statement and performance reporting implications?

Topics

  • The course concentrates on major IASB agenda projects for new and amended accounting standards. In addition it provides a comprehensive overview of the IASB’s narrow-scope amendments to existing standards.
  • Major projects:
    • IFRS 9 Financial Instruments (replacing IAS 39, effective 2018)
      • Discussion Paper: Portfolio Revaluation Approach to Macro Hedging (April 2014)
    • Revenue Recognition
      • IFRS 15: Revenue from Contracts with Customers (May 2014, effective 2018)
    • Leases
      • IFRS 16: Leases (January 2016, effective 2019)
    • Insurance Contracts
      • ED/2013/7: Insurance Contracts
  • Overview of other new standards or recent amendments to standards
    • IFRS 14 Regulatory Deferral Accounts (January 2014)
    • Annual Improvements 2012-2014 Cycle (September 2014)
    • Narrow scope amendments to IAS 19, IAS 36,IAS 39 and IFRS 2
  • Disclosure Initiative
    • Amendments to IAS 1and IAS 7
    • ED/2015/1: Classification of Liabilities - Proposed Amendments to IAS 1
    • Materiality: Draft Practice Statement
  • Overview of IASB deliberations on outstanding Exposure Drafts:
    • ED/2015/10Annual Improvements 2014-2016 Cycle
    • ED/2015/3: Conceptual Framework
    • Other EDs proposing narrow scope amendments
  • IFRS for SMEs - Amendments
  • Update on latest IASB Work Plan

Teaching method

  • Group live instruction, cases, examples, group work, open discussions
  • Description and explanation of changes in IFRSs, including implementation requirements and transitional rules
  • Use of illustrative IFRS financial statements and worked examples
  • Interactive participation is encouraged
  • All participants receive a comprehensive binder containing copies of the presentation slides, handouts and other course materials

Prerequisites

A reasonable prior knowledge of the technical requirements of IFRSs. No advance preparation is required for this course.

Course benefits

  • Build on existing knowledge and be ready for compliance with the changing world of IFRSs
  • Understand the numerous recent changes to IFRSs
  • Learn to apply the latest developments, including those affecting first-time adoption of IFRSs
  • Network and interact with other experienced practitioners
  • Benefit from real-world illustrations and examples
  • Plan ahead for expected future changes

Testimonials

See what past participants said about this course:

[The instructor] did a fantastic job in integrating different examples with new provisions in the standards and make the materials easy to understand.

Excellent. One of the best trainings I've been part of. [The instructor] is an excellent instructor and I'd certainly be interested in other courses taught by her.

Excellent rendition of the course materials, very informative and well detailed.

Olanrewaju Olayokun, Finance manager,
Newcross Exploration and Production Limited, Nigeria

Experienced instructors, make learning always easier.

Shaddrack Sowah Adjetey, Operation Manager,
Golden Star Bogoso/Prestea Limited, Ghana

Again, this was a brilliant refreshment course, presented by a very knowledgeable trainer, with spot on the issues relevant to the training group and great examples.

Katharina Sachse, Senior Internal Audit Manager, Luxembourg

CPE / CPD Accreditation

NASBA

IASeminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. 


Field of study: Accounting

ICAEW Partner in Learning

IASeminars is proud to have been named as an ICAEW Partner in Learning, working together to offer the ICAEW IFRS Certificate to our clients worldwide. ICAEW (The Institute of Chartered Accountants in England and Wales) is a world leading professional membership organisation that promotes, develops and supports over 145,000 chartered accountants worldwide. CPE certificates obtained from attending IASeminars courses are an ideal way for ICAEW members and others to demonstrate their continuing professional development, provided that the topic is relevant to their learning and development needs.

New York State Board of Public Accountancy

IASeminars is registered with the New York State Board of Public Accountancy as a CPE sponsor. Our CPE Sponsor ID is: 002546. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program.

Texas State Board of Public Accountancy

IASeminars is registered with the Texas State Board of Public Accountancy as a CPE sponsor. Our CPE Sponsor ID is: 009689. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program.

Venue

  • Our Toronto seminars take place in 4 star professional conference facilities, generally in city-centre hotels like the Marriott, Sheraton or Hilton brands. Detailed Joining Instructions are sent to all registered delegates by email approximately one month before the event. The Joining Instructions will confirm exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available. Coffee and lunch will be provided.
  • Our London seminars take place in 4 star professional conference facilities, generally in city-centre hotels like the Marriott, Sheraton or Hilton brands. Detailed Joining Instructions are sent to all registered delegates by email approximately one month before the event. The Joining Instructions will confirm exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available. Coffee and lunch will be provided.
  • Our Dubai seminars take place in 4 star professional conference facilities, generally in city-centre hotels like the Marriott, Sheraton or Hilton brands. Detailed Joining Instructions are sent to all registered delegates by email approximately one month before the event. The Joining Instructions will confirm exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available. Coffee and lunch will be provided.
  • Our London seminars take place in 4 star professional conference facilities, generally in city-centre hotels like the Marriott, Sheraton or Hilton brands. Detailed Joining Instructions are sent to all registered delegates by email approximately one month before the event. The Joining Instructions will confirm exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available. Coffee and lunch will be provided.

Instructor(s)

  • Chris Boland

    Chris Boland (Canada) is a professional IFRS consultant specializing in assisting clients with their transition to International Financial Reporting Standards (IFRS) and the application of new IFRS Standards. Chris has assisted over 75 clients covering most industries and sectors in complex IFRS matters He is a Certified Public Accountant, Canadian Chartered Accountant, and also holds the Certified Management Accountant designation. In addition to IFRS, Chris also has extensive experience with matters such as US GAAP, SOX and corporate governance. Prior to establishing his public practice and teaching career, Chris was General Manager (Accounting, IFRS, Internal Controls and Tax) at Canada Post Corporation. His earlier positions at other organizations included being CFO and VP Finance; Director of Tax and Treasury, Controller; Manager of Financial Reporting and Controller (Overseas Operations); Manager of Financial Reporting; and Budget Analyst. He was also an Auditor at the Office of the Auditor General in Canada. Chris’ 25 years of experience also include 12 years in the telecommunication hardware and software industry and in pharma research.

  • Bill Kemp

    Bill Kemp (UK) is IASeminars' Senior Instructor and a consultant specialising in International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS) and the comparison of such standards with UK, US and Canadian Generally Accepted Accounting Principles (GAAP). He has delivered many public and in-house training courses around the world to a diverse audience from sectors including government and non-profit, financial services, retail, real estate, oil & gas, telecoms, and IT. An experienced educator, he was formerly Managing Director of a major London financial training company. Bill's work also includes training and consulting on financial statement analysis and business valuation, and he teaches on the International Accounting MSc programme of the London School of Economics. He is a UK chartered accountant, and was educated at the Edinburgh Academy and at Oxford University.

  • Bill Kemp

    Bill Kemp (UK) is IASeminars' Senior Instructor and a consultant specialising in International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS) and the comparison of such standards with UK, US and Canadian Generally Accepted Accounting Principles (GAAP). He has delivered many public and in-house training courses around the world to a diverse audience from sectors including government and non-profit, financial services, retail, real estate, oil & gas, telecoms, and IT. An experienced educator, he was formerly Managing Director of a major London financial training company. Bill's work also includes training and consulting on financial statement analysis and business valuation, and he teaches on the International Accounting MSc programme of the London School of Economics. He is a UK chartered accountant, and was educated at the Edinburgh Academy and at Oxford University.

    Tariq Zia

    Tariq Zia is a US CPA specializing in Oil & Gas accounting issues under both IFRS & US GAAP. He has worked in both Texas and in Saudi Arabia for several of the 'Big Four' accounting firms over the past 14 years, servicing multinational corporations in the Oil & Gas and other industries. Tariq was for example a designated subject matter expert for the Oil & Gas sector at KPMG in Saudi Arabia, where he worked on multinational clients. Tariq has extensive experience in teaching accounting courses, including at Deloitte & Touche where he was a National Instructor delivering courses to various levels of staff and management on topics such as Introduction to US GAAP & GAAS, and convergence of IFRS with US GAAP. His work experience includes audits of SEC registrants and private clients from the Oil & Gas, Manufacturing, Retail and Service sectors under both US GAAP and IFRS; Sarbanes-Oxley compliance related work; and advisory work in the area of GAAP convergence. Tariq currently serves as senior advisor to a large multinational chemical manufacturer, which involves complex accounting issues and transactions under both US GAAP and IFRS.

  • Instructor TBC

    The instructor for this course will be drawn from one of our core faculty of subject matter experts. Further details will be published at the earliest opportunity.

In House

To bring this course in-house please contact us and we will be pleased to assist

Course details

Course schedule

Select a start date for more details

11 Oct 2017 Toronto

Course level:
Update
CPE / CPD:
16 hours
Start date:
11 Oct 2017
Start time:
09:00
Finish date:
12 Oct 2017
Finish time:
18:00
Location:
Toronto
Price:
CAD 2,500
Subject to Canadian GST/HST (Read more)

6 Nov 2017 London

Course level:
Update
CPE / CPD:
16 hours
Start date:
6 Nov 2017
Start time:
09:00
Finish date:
7 Nov 2017
Finish time:
18:00
Location:
London
Price:
GBP 1,750
Subject to UK VAT (Read more)

29 Nov 2017 Dubai

Course level:
Update
CPE / CPD:
16 hours
Start date:
29 Nov 2017
Start time:
09:00
Finish date:
30 Nov 2017
Finish time:
18:00
Location:
Dubai
Price:
GBP 1,750
Subject to No Tax (Read more)

12 Jun 2018 London

Course level:
Update
CPE / CPD:
16 hours
Start date:
12 Jun 2018
Start time:
09:00
Finish date:
13 Jun 2018
Finish time:
18:00
Location:
London
Price:
GBP 1,750
Subject to UK VAT (Read more)
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