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)
    • Revenue Recognition
      • IFRS 15: Revenue from Contracts with Customers (replacing IAS 11 & IAS 18, effective 2018)
    • Leases
      • IFRS 16: Leases (replacing IAS 17, effective 2019)
    • Insurance Contracts
      • IFRS 17: Insurance Contracts (replacing IFRS 4, effective 2021)
    • Conceptual Framework for Financial Reporting (published in March 2018, effective immediately for IASB)
  • Overview of other new standards or recent amendments to standards, including
    • Annual Improvements 2014-2016 Cycle
    • IFRIC 23: Uncertainty over Income Tax Treatments
  • IASB’s Disclosure Initiative
  • Overview of outstanding Exposure Drafts
  • 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 significance of important changes to IFRSs with major new standards for 2018 (IFRS 9 & 15) and 2019 (IFRS 16)
  • Learn to implement these latest developments
  • 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:

Great training and brings real life experience to the subject.

Keith Baatz, Assistant Director, Switzerland

I enjoyed the training. The professor [Linda Hayes] was very knowledgeable.

Vanessa Wright, Financial Controller, Summit Insurance Company Ltd, Bahamas

Easy to understand even for non-financial people like me. I have an engineering and manufacturing background.

Chukwuemeka Nzewi, Audit Committee, Bank of Industry Limited Nigeria

Well packaged in terms of content, context and presentation. Strongly recommended for Executives in Accounting.

Mohammed Mustapha Bintube, Non Executive Director, Bank of Industry Limited Nigeria

The facilitator [Saket Modi] is simply fantastic and very knowledgeable. Catching up on ever-changing updates in financial reporting is indispensable.

Simon Aranonu, Executive Director, Bank of Industry Limited Nigeria

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.

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 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 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 Miami seminars take place in 4 star professional conference facilities, generally in hotels like the Marriott, Sheraton or Hilton brands. Detailed Joining Instructions are generally sent to all registered participants approximately one month before the event, which include exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available. Coffee and lunch will be provided.

Instructor(s)

  • Saket Modi

    Saket Modi is a London-based financial trainer and consultant with over 15 years of professional experience. He specialises in delivering courses on advanced accounting, financial reporting and financial analysis topics, particularly with regards to International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS), financial instruments and corporate finance. Saket has spent considerable time working, advising and training on complex IFRS matters - especially in relation to recognition and measurement of financial instruments. He has gained valuable experience working with both FTSE listed companies and also with Big 4 accounting firms. He has designed and facilitated workshops for banks and other financial institutions and also for corporates in the UK, Europe, Africa, Middle East and Asia, and was invited by the International Auditing and Assurance Standards Board® (IAASB®) to present a paper on IFRS 9 Financial Instruments at their board meeting in New York. Saket is a member of the Institute of Chartered Accountants of India, has completed the IFRS certificate course offered by the Institute of Chartered Accountants in England and Wales (ICAEW) and also holds the Diploma in IPSAS from the Chartered Institute of Public Finance and Accountancy (CIPFA). As well as being a qualified accountant, Saket is also a CFA® charterholder.

  • 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.

  • 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

13 Mar 2019 London

Course level:
Update
CPE / CPD:
16 hours
Start date:
13 Mar 2019
Start time:
09:00
Finish date:
14 Mar 2019
Finish time:
18:00
Location:
London
Price:
GBP 1,850
EUR 2,300
Subject to UK VAT (Read more)

13 Jun 2019 London

Course level:
Update
CPE / CPD:
16 hours
Start date:
13 Jun 2019
Start time:
09:00
Finish date:
14 Jun 2019
Finish time:
18:00
Location:
London
Price:
GBP 1,850
Subject to UK VAT (Read more)

27 Jun 2019 Miami

Course level:
Update
CPE / CPD:
16 hours
Start date:
27 Jun 2019
Start time:
09:00
Finish date:
28 Jun 2019
Finish time:
18:00
Location:
Miami
Price:
USD 2,600
Subject to No Tax (Read more)
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