IFRS – Updates Training Program

We live in a world today that’s constantly shifting. To address the rapid changes to the Business needs and relevant risks, the International Financial Reporting Standards, IFRSs are also updated frequently. For the people responsible for financial statements, it is extremely important to keep themselves abreast with how all these changes will affect their regular recording and reporting.

This two‐day training program is designed for preparers and users of financial statements to:

  • Update them on published changes to IFRSs applicable for 2022
  • Help them with the challenges that they might be facing in implementing COVID 19 changes
  • Help them understand the latest updates and how the financial statements are likely to be affected by the emerging areas and problems

Course Coverage:

Day 1:

Session 1: A quick recap of COVID19 Financial Reporting Considerations

  • Going Concern
  • Events after the reporting period
  • Fair Value Measurement and Impairment of non -financial assets
  • ECL for financial Assets
  • Lease Accounting –  Covid 19 related rent concessions
  • Deferred Tax Assets
  • Interim financial reporting

Session 2: Amendments applicable for periods beginning on or after January 1, 2022:

  • Amendments to IFRS 3 – Business Combinations
  • Amendments to IAS 16 – Property, Plant & Equipment
  • Amendments to IAS 37 – Provisions, Contingent Liabilities and Contingent Assets
  • Annual Improvements 2018‐2020

Day 2:

Session 1: IFAC updates – September 2021

Configuration and customization costs in cloud computing

  • What are SaaS Arrangements
  • How to account for SaaS arrangement
  • How to account for customization and configuration costs related to SaaS arrangement
  • Effective date and Impact

Impairment (ECL & ESG)

  • Impact of Climate Change Risk on ECL
  • Areas of Focus in the ECL model

Reversal of Impairment loss

  • Indicators: Individual Assets & Assets included in a cash generating unit
  • Recognition of Impairment

Pollutant pricing mechanisms (brief intro)

  • The growing area of Focus; Emission Trading
  • Technical references
  • Accounting for emissions credit

Credit Hours

8 Hours

Delivery Channel

eLearning

Certificate

Get a shareable certificate

Difficulty

Beginner to Expert

Learning Objectives:

  • Implement the changes to IFRSs
  • Take help to understand from practical examples
  • Improve the quality of disclosures
  • Plan ahead for future changes
  • Accountants, Finance Managers, CFOs, Finance Directors, Controllers
  • External and internal auditors
  • Financial and credit analysts who review financial statements

Date and Time:

  • This is a self-paced program available 24/7 on the LMS
  • One hour Q&A live classes with the subject matter expert twice a month. Unlimited Access available at all times.

Certificate:

Participants will receive a successful course completion certificate subject to completion of post training quiz and assignment. 

Survey:

At the end of each Program we carry out a survey to ensure our participants receive the best of our services.

Trainer:

Ms. Sana Quadri is a Chartered Accountant who is an IFRS Expert with experience of implementing IFRS-15, IFRS-16 and IFRS-9. She has over 13 years of working experience with 10 years at senior management positions in the financial services industry, including, microfinance bank, asset management, private equity, investment advisory and stock brokerage house. She is also an Edtechprenuer brining technology and emotional intelligence to fast forward career progress.

Fee:

US$200

(Discount available to Corporates or group of individuals please email at contact@ed-watch.org)