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Informa

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?

Tailored for preparers and filers

20
Years of IFRS Training
1,000+
Practitioners trained from diverse industries and firms operating internationally
WHO?
Financial Controllers, Auditors, Accountants, Heads of Financial and Corporate Reporting, Finance Directors, Managers, Consultants