IFRS updates and their implications on financial reporting


Date: Jun 19, 2024 - Jun 19, 2024

CPD hours: 2 Hours

Time: 10:00 - 12:00

Event Type: Webinar

Presenter: Prof. Hentie van Wyk
Prof

Financial instruments are a key component of financial statements and have a significant impact that requires careful and correct accounting treatment.

Overview

In the ever-evolving landscape of global business, International Financial Reporting Standards (IFRS) play a pivotal role in standardising financial reporting practices across borders. As multinational companies operate in diverse markets, the need for a unified framework becomes imperative to ensure transparency, comparability, and credibility in financial statements. However, the realm of IFRS is not static; it continually adapts to address emerging complexities in business transactions and to enhance the relevance and reliability of financial information. Consequently, staying updated with the latest IFRS updates is essential for companies to maintain compliance and effectively communicate their financial performance to stakeholders.


Learning objectives

Attending this webinar will equip you with the following skills:

  • Be knowledgeable about the significant changes brought by IFRS 16 in lease accounting.
  • Understand the IFRS that you must apply when you account for financial instruments and see how the Standards all tie together.
  • Knowledge of the complexities involved in implementing the updated Standards.
  • Possess practical knowledge of the effects of the updates on key financial metrics.
  • Be able to address potential challenges faced by your clients in adopting the new requirements and provide strategies for overcoming implementation hurdles.

Content

The webinar will cover the following topics:

  • IFRS 16 - Leases.
  • IAS 8 - Accounting Policies, Changes in Accounting Estimates and Errors.
  • IAS 7 - Statement of Cash Flows and IFRS 7 - Financial Instruments.
  • IAS 1 - Presentation of Financial Statements.
  • IAS 21 - Lack of Exchangeability

Obtaining your CPD certificate

This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognized for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAICA and SAIPA.

All attendees are issued with a CPD certificate available in an online profile.  


Who should attend?

The following persons will benefit from attending this webinar:

  • Practising accountants including: CA(SA), Professional Accountant (SA), AGA(SA), FCCA, BAP(SA), BA(SA) and ACCA.
  • Management accountants.
  • Accounting officers.
  • Independent reviewers.
  • Registered auditors.
  • Trainee accountants.

Price

  • R 450.00 - Online admission - Individual.
  • Group Price 1 - From R184 per person (up to 5 users)
  • Group Price 2 - From R121 per person (up to 10 users)
  • Group Price 3 - From R109 per person (over 11 users)

Steps to register for the event:

If you already have a profile, login and register for the webinar.

If you don’t have a profile, create a free profile then login and register for the webinar.

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series).

Click here to find out about the Technical Resource Centre & CPD Subscription options.


Additional material

By attending this webinar you will be provided with:

  • A summarized slide presentation.
  • Reference documents and/or course material where available.
  • You can ask questions during the webinar and you will also have access to the presenter after the webinar.

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Venues & Dates

The following venues and dates are available for this event.

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