This programme aims to provide a comprehensive review of all changes to the accounting standards effective in 2023 and 2024, recent IFRIC Agenda Decisions of significance and standards issued but not yet effective. The course will provide detailed explanations of the guidance, illustrative examples and insights into the application of the changes.

Programme Outline

Changes effective for financial years beginning 1 January 2023

• IFRS 17 – Insurance Contracts (focus on scope impacting non-insurance companies)
• IAS 1 - Amendments to IAS 1 and Practice Statement 2: Disclosure of Accounting Policies 
• IAS 8 - Amendments to IAS 8: Definition of Accounting Estimates
• IAS 12 - Amendments to IAS 12: Deferred Tax related to Assets and Liabilities arising from a Single Transaction
• IAS 12 – Amendment to IAS 12: International Tax Reform—Pillar Two Model Rules

Changes effective for financial years beginning 1 January 2024

• IAS 1 - Amendments to IAS 1: Classification of Liabilities as Current or Non-current 

IAS 1 - Amendments to IAS 1: Non-current Liabilities with Covenants

• IFRS 16 - Amendments to IFRS 16: Lease Liability in a Sale and Leaseback
• FRS 7, FRS 107 - Amendments to FRS 7 and FRS 107: Supplier Finance Arrangements

Major Future Changes/Initiatives

• IFRS 18 Presentation and Disclosures in Financial Statements
• IFRS 19 Subsidiaries without Public Accountability - Disclosures

IFRIC Agenda Decisions

• Validity of IFRIC Agenda Decisions
• Effective dates and transitional provisions
• Recent key decisions

Training Methodology

Lecture Style with Case Studies 

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

This course is intermediate to advance level programme suitable for financial accountants, controllers, auditors, accounting and finance managers, CFOs and compliance officers. It is designed for those needing to stay updated on recent and upcoming accounting standards and IFRIC decisions.

Programme Facilitator(s)