2017-18 Update: IFRS

by Wayne Bartlett

This course covers the key provisions of the revised standards under IFRS in 2017-18 and the potential impact of the changes on your own role and organisation.

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Overview
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Contents
How it works
Author
Reviews

This course will enable you to

IFRS 16 on leases and changes to the way they are accounted for
IFRS 15 on Revenue Recognition and the five steps of implementation
Financial instruments and the different areas it needs considering (IAS 32, IAS 39, IFRS 9 and IFRS 7)
IFRS 17 and other IFRS issues

About the course

We've seen a number of updates to IFRS recently, some far-reaching others more niche. Whatever the scope, it's important to be aware of revisions and prepare for their impact.

This course covers the key provisions of the revised standards under IFRS in 2017-18 and the potential impact of the changes on your own role and organisation.

Look inside

Leases
- Why the change?
- What is The Joint Project?
- What are the key changes under IFRS 16?
- What will be the impact of the changes?
- What are the potential complications?
- What can you do to prepare for IFRS 16?
Revenue recognition
- What are the key updates to IFRS 15?
- When should you adopt IFRS 15?
- Why is IFRS 15 important?
- What are the five steps of revenue recognition?
- Contract identification
- Identify separate performance obligations
- Determine transaction price
- Link the transaction price to the POs
- Recognise revenue in line with PO satisfaction
Financial instruments
- What are the key definitions I need to know?
- What is the objective of IAS 32?
- Why do IAS 39 and IFRS 9 go hand in hand?
- What are the objectives of IFRS 9?
- What are the objectives of IFRS 7?
IFRS 17 and other issues
- What is the aim and scope IFRS 17?
- What are the key terms associated with IFRS 17?
- How do you recognise and measure insurance contracts under IFRS 17?
- How do you treat insurance contracts in the financial statements?
- What do you need to consider before transitioning to IFRS 17?
- What are the ongoing improvements to IFRS?
- What's happening to IFRS 8?

How it works

Author

Wayne Bartlett

Wayne is an internationally acclaimed speaker and trainer on all aspects of public and private sector accounting and auditing standards. He has been instrumental in helping to develop the profession internationally and has taken lead roles in the development of new professional bodies and the accounting profession in Mozambique and Rwanda, and been extensively involved in developing financial reporting in many countries across the globe.