This course aims to discuss the provisions of the new/revised Financial Reporting Standards issued by the Accounting Standards Council and effective from the years 2023 - 2027.

On the completion of this course:

• update preparers and users of financial statements on newly issued and amended IFRS.
• provides a technical brief on outstanding exposure drafts, discussion papers and recent pronouncement issued by IASB.
• Update on latest pronouncements issued up to the date of the seminar.

Programme Outline

SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2024
1.         Amendments to SFRS(I) 1-1 Classification of Liabilities as Current or Non-Current
2.         Amendments to SFRS(I) 1-1 Non-Current Liabilities with Covenants
3.         Amendments to SFRS(I) 16 Lease Liability in a Sale and Leaseback
4.         Amendments to SFRS(I) 1-7 Supplier Finance Arrangements

SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2025
5.         Amendments to SFRS(I) 1-21 Lack of Exchangeability
6.         New IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information
7.         New IFRS S2 Climate-related Disclosures

SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2026
8.         Amendments to SFRS(I) 9 and SFRS(I) 7 Amendments to the Classification and Measurement of Financial Instruments
9.         Annual Improvements to SFRS(I)s Volume 11

SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2027
10.       New SFRS(I) 19 Subsidiaries without Public Accountability: Disclosures
11.       New SFRS(I) 18 Presentation and Disclosures In Financial Statements

Training Methodology*

Online lecture style, with Exercises / Case Studies

Closing Date for Registration*

1 week before program or until full enrolment
 

Intended For

This programme is suitable for preparers and auditors of financial statements, members of audit committee, finance directors and regulators and for those who are keen to keep up to date with latest changes to IFRS accounting standards.

Programme Facilitator(s)