COURSE OBJECTIVES: 2011 saw the introduction of a number of new and revised standards and there are some further significant changes to be released in 2012. Many key standards have undergone “blue sky” rewrites or significant overhauls. Whilst the transition dates aren’t likely to be until 2013 onwards a lot of impact assessments, data gathering and systems changes will be required in order to prepare.
This course will bring you up to date with the IFRSs that are issued, amended or become effective in 2012. It will also provide an opportunity to consider Exposure drafts that are in issue at the time of the course.
COURSE CONTENT
Given the fast pace of change, the full list of pronouncements will be updated for each course running, but is expected to cover:
NEW STANDARDS
- IFRS 9: Financial Instruments (replacement of IAS 39)
- IFRS 10: Consolidated Financial Statements (IAS 27 amendment & SIC 12 replacement)
- IFRS 11: Joint Arrangements (replacement of IAS 31)
- IFRS 12: Disclosure of Interests in Other Entities
- IFRS 13: Fair Value Measurement
REVISED STANDARDS
- IAS 1: Presentation of Financial Statements
- IAS 12: Income Taxes
- IAS 19: Employee Benefits
- IAS 24: Related Party Disclosures
- IAS 27: Separate Financial Statements
- IAS 28: Investments in Associates and Joint Ventures
- IFRS 1: First Time Adoption of IFRS
- IFRS 7: Transfers of Financial Assets
CURRENT EXPOSURE DRAFTS, including
- Leases (replacement of IAS 17)
- Revenue recognition (replacement of IAS 18 and IAS 11)
- Completion of IFRS 9
OTHER PROJECTS
- Annual improvements projects
- Management commentary (new guidance)
- IFRS for SMEs
WHO SHOULD ATTEND
Finance Directors, Financial Controllers, Financial Analysts, Auditors and Accountants wanting to update their IFRS knowledge.
Would you like this course run in-house? Call us on 0207 566 8207 to find out more
Not quite what you were looking for? Then please see the following closely related course/s:
The FRSME: the Replacement for UK GAAPIFRS for the Public SectorIFRS Workshop Day 2 - Recent StandardsIFRS Workshop Day 1 - Core Standards