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Companies reporting under International Financial Reporting Standards (IFRS) continue to face a steady flow of new standards and interpretations. The resulting changes range from significant amendments of fundamental principles to some minor changes from the annual improvements process. The changes will affect different areas of accounting, such as recognition, measurement, presentation and disclosure.  It can be time consuming and confusing to keep up-to-date on the resulting impact on financial statements and disclosures. This course provides an executive summary of recent IFRS updates with current and upcoming effective dates. 

Learning Objectives

  • Explore where financial statement preparers should focus the most time and attention on now when preparing interim and annual financial statements, such as:
    • Recognition of deferred tax assets for unrealized losses
    • Disclosure of interests for other entities 
  • Discover highlights of recently-issued International Financial Reporting Standards (IFRS) pronouncements, focusing on changes with upcoming effective dates, such as:
    • Revenue from contracts with customers
    • Financial instruments
    • Classification and measurement of share-based payment transactions
    • Transfers of investment property, and more
  • Recognize the most significant accounting and financial reporting changes with future effective dates that entities should be preparing for now, such as leases.

 

3 Reviews (19 ratings)Reviews

4
Member's Profile
There was a lot of feedback on the recording. As such, I was distracted quite often and relied moreso on the powerpoint presentation.
5
Member's Profile
Good overview that helps you keep up with changes.
5
Anonymous Author
Nice overview.

Prerequisites

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  5:14Introduction to 2017 IFRS Update
  12:37IFRS 2 Share-Based Payment Transactions
  4:20Applying IFRS 9 with IFRS 4
  10:34IFRS 15 Revenue from Contracts with Customers
  5:47Transfers of Investment Property
  8:12IFRS 10 and IAS 28
  4:43IFRS 17 Insurance Contracts
CONTINUOUS PLAY
  51:26Continuous Play
SUPPORTING MATERIALS
  PDFSlides: 2017 IFRS Update
  PDF2017 IFRS Update Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM