Review of International Financial Reporting Standards/ International Public Sector Accounting Standards (IFRS/IPSAS): Updates and Implications

There is an increasing global acceptance and transition to International Financial Reporting Standards (IFRS) and the use of IFRSs as a basis for the preparation of financial statements. IFRS/IAS are updated regularly to ensure relevance to the dynamic operating environment and changes in stakeholders’ demands. This creates a need for professional accountants to attend on regular basis the training courses to remain up to date with changes in standards. This is critical to ensure that the financial statement comply with the extant relevant IFRSs/ IASs. This course provides practical guidance in relation to IFRS and IAS technical updates.

At the end of the course, participants will be able to:

  • Gain critical insights about the latest IFRS/IAS updates;
  • Learn how to apply the updates in standards in their work environment;
  • Develop a deeper understanding of the current IASB projects and learn more about the future of financial reporting.

TOPICS INCLUDE

  • Introduction and overview of emerging issues;
  • Review of IFRS/IAS relevant for the preparation and presentation; of financial statements;
  • Review of various updates to IFRSs/IASs and relevant exposure drafts;
  • Recent trends and future changes in financial reporting