The course will commence with an update concerning new standards applicable from 2021 through 2023. This will be followed by a consideration of key projects in the work plan of the International Accounting Standards Board especially progress towards a revised standard on financial statement presentation.
The COVID 19 pandemic has put the spotlight on several key accounting topics especially those that require the exercise of judgement in the measurement of amounts to be reported in the financial statements. Regulators are paying particular attention to these and are requiring ever more robust and company specific disclosures about them. In the light of this we will consider:
- Going concern assessments
- Climate related disclosure
- Revenue recognition
The demand for ESG information is gaining traction as never before. We will therefore continue the course with a briefing on the essentials of ESG, the drivers of demand for ESG data and a possible schematic for ESG reporting. The course will then move on to an provide update on the latest developments relating to an ESG regulatory reporting framework. In particular we will consider the output of the newly created International Sustainability Standards Board and the Task Force on Climate-related Financial Disclosure.