Course Overview
Gain a Complete Update of Current IFRSs, Forthcoming Changes and Recent Amendments to Existing Standards
This course is intended for those whose work relates to financial reporting in banks, or in corporates that make use of financial instruments. The course focuses on the requirements of the new standard, IFRS 9, which was finalised in July 2014 and will be mandatory from 2018, as well as 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.
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. 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 example for participants to work through on their laptops.
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How has IFRS 10, ‘Consolidated Financial Statements’, affected which investments you must consolidate in your group accounts?
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What are the implications of the treatment of investment entities under IFRS 10?
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Do IFRS 11, ‘Joint Arrangements’, and IFRS 12, ‘Disclosure of Interests in Other Entities’, affect your financial statements preparation?
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What are the implications of adoption of IFRS 9 for corporates?
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What do you need to do to prepare to adopt IFRS 15 ‘Revenue Recognition’ in 2017?
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What are the final IFRS 9 requirements for asset classification?
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How do they differ from IAS 39?
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Will this be a simplification in practice?
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What are the final IFRS 9 requirements for impairment of financial assets?
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How will the IFRS 9 expected loss model work?
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What changes will this cause on transition from IAS 39?
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What are the new IFRS 9 hedge accounting requirements?
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Are they really less onerous than those under IAS 39?
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What are the transitional arrangements for adoption of IFRS 9?
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When should the transition process be started?
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How have the requirements of IFRS 13, Fair Value Measurement, affected the accounting for financial instruments?
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What approach is the Board taking with regard to macro hedge accounting?
Key Benefits of Attending
This course is relevant to anyone who prepares or reviews IFRS accounts including:
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VP, Finance Directors, Group Financial Controllers
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Financial Controllers, Managers
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Head of Accounting, Financial Accounting Section Heads
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Accounting Policy Managers
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Head of IFRS and Methodology, IFRS Specialists
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Corporate Finance Section Head Experts
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Corporate Controllers
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Auditors involved in auditing IFRS financial statements
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Analysts involved in reviewing IFRS financial statements
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Internal auditors
- Academics
Designed For
Adrian Yap is an acknowledged expert on IFRS, highly experienced in financial reporting, accounting standard application and project management involving domestic and cross-border engagements, coordination and collaboration with various internal and external professionals across different jurisdictions. He has more than 10 years’ experience working in one of the Big4 accounting firms, in the practice of transaction advisory, corporate restructuring, due diligence, financial review, assurance and business advisory services.
Adrian has lectured on regional and global accounting standard implementation, including IFRS and IAS to audiences in developed and developing economies. He has run training courses in the Far East, Indian Subcontinent & Middle East. Adrian is one of the Workshop Facilitators and Examination Markers of the Assurance module of the Hong Kong Institute of Certified Public Accountants’ Qualification Program.
Adrian is a member of Hong Kong Institute of Certified Public Accountants and holds Hong Kong Securities Institute Practicing Certificate –Securities.
Course Leader
Adrian Yap
Independent Expert
Venue
Sofitel Mauritius L'Imperial Resort & Spa
Wolmar
FLIC EN FLAC, MAURITIUS
Tel. +230 453/8700
Fax. +230 453/8320
Email: H1144@sofitel.com
www.sofitel.com/gb/hotel-1144-sofitel-mauritius-l-imperial-resort-spa/index.shtml
Register before 19/10/15
and save US$ 200
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Tailored to meet your business objectives and specific learning needs
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