IFRS – An Update and Refresher

This course summarises all the current, key requirements for preparing an IFRS set of financial statements and will also look at the most recent new developments and what projects and changes are coming through

Description

Course Aim/Overview

This course aims to help all those involved in the financial reporting process, whether as auditors or accountants, to better understand the process and complete the task effectively.

The course will concentrate on some of the most topical issues for 2022/23.

This course is available at our London campus or online.

What you will learn

Overview of the current state of play with IFRS
- Summary of most recent new IFRS that have taken effect
- New developments and issues from the Interpretations Committee (IFRIC)
- Comments and issues identified by regulators such as the Financial Reporting Council and successor organisations

Focus on new important changes with widespread applications for example IFRS 15 on Revenue from Contracts with Customers and IFRS 16 Leases
How to apply the IFRS requirements effectively; the course will provide practical guidance, examples, and illustrations of what the IFRS requires rather than simply what it says
Application guidance and examples relevant to private entities with less sophisticated financial reporting resources
What IFRS changes are coming to allow you to plan ahead

Who is the course for?

The course is aimed at professional accountants and auditors who already have practical experience in preparing financial statements being either qualified or part qualified. This course is designed to update and improve their knowledge.

Course materials

This course will provide supporting notes and slides including examples and solutions to examples. Cross-references to important authoritative guidance and regulation will also be provided.