19 - 20 September / 25 – 26 November
Central London, UK
IFRS Update Courses
Everything you need to know to successfully tackle evolving technical challenges, efficiently apply IFRS updates and understand the practical impact for your business in time for your reporting season.
Get your technical IFRS reporting questions answered one-on-one. Learn how to navigate the practical challenges of updated standards and their application in depth. Ensure your reporting processes are optimized for efficiency and compliance with the latest requirements.
DAY 1: THE PRACTICAL CHALLENGES OF APPLYING IFRS 9, 15 & 16
IFRS 9: Financial Instruments
- Reminder of IFRS 9’s classifications of financial assets
- Business models and contractual cash flow characteristics
- Impairment of receivables
- Hedge accounting
- How companies have applied IFRS 9 for the first time
IFRS 15: Revenue Recognition
- Identifying and combining contracts
- Performance obligations
- Transaction price, including variable consideration
- Allocation of price to performance obligations; satisfaction of performance obligations
- Contract assets and contract liabilities
IFRS 16: Applying the new leasing standard
- Summary of the new approach and expected consequences
- How a lessee should initially recognise a lease
- Lease liabilities; discounts, payments
- Operating and finance lease distinction for lessors
- Applying IFRS 16 to previous operating and finance leases
DAY 2: IFRS Reporting in 2019 and beyond - the broader impact
The practical effects of IASB’s new Conceptual Framework
- Amended ‘Objective’ of financial reporting
- What are the good ‘qualities’ of accounting
- Applying the Framework for choices made under IASs 1 and 8
- New definitions of ‘Asset’ and ‘Liability’
- How the new definitions might affect accounting
Group accounting: applying IFRSs 3 and 10 to 12
- The current suite of standards on group accounting
- Practical examples of applying the principles on the scope of the group
- The calculation and treatment of goodwill
- Associates and joint ventures
- Foreign currency gains and losses
Options remaining in IFRS in 2019, and which ones companies choose
- Options on presentation in IAS 1 and IAS 7
- Options on asset measurement: inventories, PPE, investment property and intangibles
- Options in IFRS 15 and IFRS 16
- Other IFRS options available to companies
- Which options are chosen in various countries in IFRS practice?
GET YOUR ANSWERS FROM THE EXPERT: Prof. Chris Nobes
- Winner of the ‘Outstanding International Educator’ of the American Accounting Association in 2002
- Winner of the ‘Distinguished Academic Award’ of the British Accounting and Finance Association in 2015
- Member of the Academic Panel of the UK’s Accounting Council
- Author or co-author of fourteen books, including Penguin Dictionary of Accounting (2006) and Comparative International Accounting (2016)
Optimize your reporting through one-on-one training with expert leadership from Chris Nobes.
BENEFIT FROM MULTI-FACETED EXPERTISE:
Christopher Nobes is Professor of Accounting at Royal Holloway and at the University of Sydney.
He is also an Adjunct Professor at the Norwegian School of Business, Oslo.
He has held posts at universities in San Diego and New York.
In continental Europe, he has held visiting professorships in Amsterdam and Barcelona.
Chris served as the joint editor of Accounting and Business Research.
He is author of fourteen books, including:
- Company Reporting in the USA (Financial Times)
- The Economics of Taxation (latest edition, 2017)
- An International Introduction to Financial Accounting (2016)
- Comparative International Accounting (2016) and the Penguin Dictionary of Accounting (2006).
He is now on the editorial boards of nine journals, including Abacus, Accounting and Business Research and British Accounting Review.
Chris was a member of the Accounting Standards Committee (ASC) of the UK and Ireland from 1987 to 1990
One of the two UK representatives on the Board of the International Accounting Standards Committee (IASC) from 1993 to 2001
He is a member of the Academic Panel of the UK’s Accounting Council
He has been a consultant to PricewaterhouseCoopers for 30 years, where he was PwC Professor of Accounting