Course Overview

 

 

Gain a Complete Update of Current IFRSs, Forthcoming Changes and Recent Amendments to Existing Standards

 

  • Recent IFRSs

  • Recent Amendments to IAS /IFRS

  • Proposed amendments to IAS/IFRSs

  • Exposure Drafts

  • Full coverage of IFRS 9 (Financial Instruments)

  • IFRIC Updates

  • FRC and Other Regulator Challenges

 

IFRS Technical Update 2015

This course is intended for those who want to refresh their existing knowledge of IFRS and familiarise themselves with the new requirements that are effective between 2014 and 2018. It also provides an opportunity to review the topics currently under debate by the IASB and become aware of the likely future changes. The course includes a look at topics the regulators have expressed concern about. The course is highly practical. There are numerous discussion topics, worked examples and examples for participants to work through on their laptops.  

IFRS for 

Financial Instruments

This course is intended for those whose work relates to financial reporting in banks, or in corporates that make extensive use of financial instruments.  The course focuses heavily on the requirements of the new standard, IFRS 9, which was finalised in July 2014 and will be mandatory from 2018.  The course examines the key areas where treatment will change on transition from IAS 39 to IFRS 9 - notably asset classification, impairment of financial assets and hedge accounting - and explains these thoroughly.  The course also identifies those areas that will remain unchanged under IFRS 9.  Participants will have the opportunity to recap on IAS 39 application and to understand the transition requirements from IAS 39 to IFRS 9. The course also looks at the impact of the introduction of IFRS 13 on financial instruments.  The course is highly practical.  There are numerous discussion topics, worked examples and examples for participants to work through on their laptops.  

  • Refresh your knowledge of existing IFRS requirements

  • Review the new IFRS requirements effective in 2013 and 2014

  • How has IFRS 10, ‘Consolidated Financial Statements’, affected which investments you must consolidate in your group accounts?

  • What are the implications of the treatment of investment entities under IFRS 10?

  • Do IFRS 11, ‘Joint Arrangements’, and IFRS 12, ‘Disclosure of Interests in Other Entities’, affect your financial statements preparation?

  • What are the implications of adoption of IFRS 9 for corporates?

  • What do you need to do to prepare to adopt IFRS 15 ‘Revenue Recognition’ in 2017?

  • What has the IASB decided regarding lease accounting?

  • What Exposure Drafts are currently in issue?

  • What comments have the regulators made recently?

     

Key Benefits of Attending
 
 

IFRS Technical Update 2015

IFRS for 

Financial Instruments

  • What are the final IFRS 9 requirements for asset classification?

  • How do they differ from IAS 39?

  • Will this be a simplification in practice?

  • What are the final IFRS 9 requirements for impairment of financial assets?

  • How will the IFRS 9 expected loss model work?

  • What changes will this cause on transition from IAS 39?

  • What are the new IFRS 9 hedge accounting requirements?

  • Are they really less onerous than those under IAS 39?

  • What are the transitional arrangements for adoption of IFRS 9?

  • When should the transition process be started?

  • How have the requirements of IFRS 13, Fair Value Measurement, affected the accounting for financial instruments?

  • What approach is the Board taking with regard to macro hedge accounting? 

This course is relevant to anyone who prepares or reviews IFRS accounts including:

  • VP, Finance Directors, Group Financial Controllers

  • Financial Controllers, Managers

  • Head of Accounting, Financial Accounting Section Heads

  • Accounting Policy Managers

  • Head of IFRS and Methodology, IFRS Specialists

  • Corporate Finance Section Head Experts

  • Corporate Controllers

  • Auditors involved in auditing IFRS financial statements

  • Analysts involved in reviewing IFRS financial statements

  • Internal auditors

  • Academics
Designed For
 

Shan Kennedy is a chartered accountant and acknowledged expert providing independent advice on International Financial Reporting Standards (IFRS) and valuation matters.

Her experience includes more than twenty years in the Big 4 accounting practices.  She has spent four years working at the UK Accounting Standards Board, at the time when Sir David Tweedie was chairman.  There, she researched and developed accounting requirements for goodwill and intangible assets and put together the impairment review approach that has now been adopted for IFRS in IAS 36, Impairment of Assets.  

Shan has worked on the IFRS transition teams of ABN Amro and Lloyds TSB.  She has also presented at over 100 IFRS training courses across the globe - London, Europe, the Middle and Far East, India and Africa.  She has extensive knowledge of the issues facing emerging markets countries as they adopt IFRS.

She has undertaken two recent exercises for the UK regulator, the Financial Reporting Council, to perform surveys of compliance with IFRS 2, Share-based Payment, and IFRS 3, Business Combinations.  The report on IFRS 3 compliance is available from the FRC website.  She is currently engaged by the FRC to provide IFRS valuation training to their audit inspection and review panel teams.  In 2011, She was engaged by the Turkish government to provide a bespoke one-week training course to their team responsible for the review of all listed company accounts.

Shan was engaged by the Institute of Chartered Accountants in England & Wales (ICAEW) to write guidance on the application of IFRS 3 and to prepare responses to Exposure Drafts issued by the IASB.  She is currently engaged by the ICAEW to develop a valuation training programme in the UK. 

Shan acted as a technical consultant to the International Valuation Standards Council (IVSC) and drafted their initial guidance on the valuation of intangible assets, which is available from their website.  She is a contributing author to Practical Share Valuation, 5th Edition, published by Tottel, for which she wrote the sections addressing valuations for IFRS purposes. She has written articles on IFRS 2 and IFRS 3 that are included in Q Finance, The Ultimate Resource, published by Bloomsbury in 2009, and available from their website at www.qfinance.com 

She has performed numerous valuation exercises in accordance with the requirements of IFRS for corporate clients. She holds a degree in mathematics from Cambridge University

Course Leader
 
 
Shân Kennedy
 
Independent Expert
 
Venue

M Hotel Singapore

81 Anson Road

Singapore 079908

Tel: + 65 6224 1133

Fax: + 65 6222 0749

Email: Enquiry.MHS@millenniumhotels.com

Web: http://www.millenniumhotels.com.sg/mhotelsingapore/

Register before 28/08/15

and save SGD 700

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