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IFRS Technical Update and New Developments

By: Euromoney Financial Training

Lagos State, Nigeria

12 - 15 May, 2014  4 days

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It is vitally important for financial statement preparers, analysts and other users to remain technically up-to-date on the latest accounting pronouncements. A number of factors have combined to result in a period of very rapid change to IFRS.  The global economic crisis, convergence projects, transitioning economies, and industry-specific issues have all converged to result in a substantial number of amendments and new pronouncements issued by the International Accounting Standards Board (IASB) in a short period of time.
This two-day course brings delegates up-to-date on IASB pronouncements, including new Standards, Amendments to Standards, and Interpretations, that were issued or amended within the last 12 months, became effective recently or will become effective in the near future. The program also presents information on other recent and impending pronouncements. Topics to be covered are finalized in the run-up to the course in order to be as current as possible. The course provides information on current Exposure Drafts and Discussion Papers, as well as the IASB’s most up-to-date work agenda, so that attendees can plan ahead for future changes. The status of global convergence and an update on convergence projects are covered during the program as well.
On completion of the course you will be able to:

  • Understand the impact and application of new requirements, in particular focusing on those such as IFRS 9 that are of greatest significance to course participants
  • Develop strategies for the initial application of IFRS 9 and other new standards
  • Monitor current events and upcoming changes in IFRS
  • Understand the IASB’s plans and schedule for important upcoming revisions to financial instrument accounting requirements
  • Utilize on-line sources to obtain up-to-date information as IFRS continues to evolve
  • Track the status of international convergence projects
  • Prepare for implementation of newly effective and anticipated changes to IFRS accounting standards and interpretations
  • Explain the basis for modification of current accounting treatments
  • Course Methodology:
Attendees will learn the latest accounting developments and understand how to implement necessary changes. Transitional rules and implementation requirements are described and explained. Practical examples and real-world illustrations are used to demonstrate application of the new pronouncements. Where useful the differences between previous and new requirements are discussed in order to provide additional guidance.
The program will provide attendees with an understanding of the resulting impacts upon financial statements and reported performance. Included in this valuable course is a hands-on demonstration of on-line IFRS information sources such as update messages, publications and self-learning modules that are freely available to the public.  These supplemental tools will aid participants in applying the information obtained throughout the program and ease their future work.
Networking and sharing know-how with other program attendees will also enhance the learning experience. The program is intended to be highly interactive and is responsive to participant needs, focusing on those pronouncements applicable to attendees.

Who should attend?
This course is a perfect means for those who are already conversant with IFRS to update their knowledge. We strongly advise professionals that are involved in the accountancy-related functions in your institutions and others who are affected by or involved in analysis of the financial statements and/or implementation of changes,including:
  • Accountants
  • Auditors
  • Analysts
Lagos,Nigeria May 12 - 15 May, 2014
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+44 (0)207 779 8543