2024-25 Update: IFRS

by Wayne Bartlett

This course covers recent updates to the IFRS reporting framework, including a brand new general standard, a post-implementation review of contract revenue recognition, an Exposure Draft covering financial instruments, and more.

price £75+vat
cpd hours 4 CPD hours
access 120 days' access

This course will enable you to

  • Get to grips with the new IFRS 18 and the key changes made compared to IAS 1
  • Consider the main issues raised in the post-implementation review of IFRS 15
  • Explore the changes proposed to IAS 32, IFRS 7 and IAS 1 in the Exposure Draft on financial instruments
  • Examine the ISSB's progress with the new Sustainability Disclosure Standards
  • Explain how the IFRS standards interact with other sustainability reporting frameworks

About the course

It's essential that you keep on top of changes and developments in IFRS. And at a time when there's a new IFRS Accounting Standard, it's more important than ever.

This course will make sure you are on top of everything you need to know about the IFRS reporting framework for 2024-25.

It starts by exploring IFRS 18, which will replace IAS 1 with an effective date of 1 January 2027. The course then dives into the details of the International Accounting Standards Board’s response to the issues raised by stakeholders in a post-implementation review of IFRS 15.

We also explore the recently published Exposure Draft 'Financial Instruments with Characteristics of Equity' and assess the IFRS Sustainability Standards Board’s progress with their Sustainability Disclosure Standards and how they interact with other sustainability reporting frameworks.

Look inside

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Contents

  • IFRS 18
    • IFRS 18 overview
    • Why does IAS 1 need replacing?
    • The structure of the statement of profit or loss
    • Changes to required disclosures
    • Aggregation and disaggregation of key numbers
  • IFRS 15
    • The post-implementation review
    • IFRS 15 overview
    • Determining a transaction price
    • Determining when to recognise revenue
    • Applying disclosure requirements
  • Exposure Draft on financial instruments
    • Overview
    • The Exposure Draft
    • Impact on IAS 32
    • Changes to IFRS 7
    • IAS 1 and IFRS 18
    • Transitional arrangements
  • Sustainability reporting updates
    • Sustainability overload!
    • The current position on sustainability
    • Multiple frameworks
    • Inter-operability guidance
    • IFRIC

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.

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Total CPD unitshourshours4 unitshourshours21 units20 hours21 hours800+ unitshourshours800+ unitshourshours
Access period120 days120 days12 months12+ months
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