2020-21 Update: IFRS

This course will enable you to

• Identify the areas of risk in your supply chain from suppliers unable to honour commitments to customers unable to pay
• Evaluate subjective issues such as the collectability of revenue and accounting for provisions
• Identify exposures to asset and goodwill impairments, from present and past acquisitions
• Decide what disclosures are necessary and how to make them without spooking the market
• Use the interim report to share information with investors and other stakeholders at the appropriate time
• Understand the proposals of the recent exposure draft on General Presentation and Disclosures and have your say with the standard setters

About the course

The coronavirus pandemic has transformed the financial performance of many companies and the financial reporting implications of this are deep and far reaching. This year's IFRS updates course focuses on three areas that are particularly affected by the crisis: the increased risk the pandemic has created for long term projects; the critical issue of interim reporting, what to include and when; and the balance sheet exposure caused by the valuation of assets and goodwill in current and past acquisitions.

The final module looks an area where change is on the horizon. The recent exposure draft on General Presentation and Disclosures proposes some pretty fundamental changes to IAS 1, a founding statement in the IFRS framework, and the way in which financial statements are presented – and it is still open for comment, so you can have your say.