2022-23 Update: IFRS

This course will enable you to

• Review your approach to disclosures to ensure you are up to date with the latest guidance and standards
• Explore the complex and confusing relationship between suppliers of supplier finance and the organisations which are reliant on them.
• Review whether you have subsidiaries that reduce the cost of preparing financial information by reducing their disclosures
• Expand your view of corporate reporting by understanding the first new sustainability standard, IFRS S1 on the disclosure of sustainability related financial information
• Apply the broad concepts of IFRS S1 to the specific case of climate disclosures by understanding the proposed new standard, IFRS S2
• Assess your organisation’s preparedness for proposed changes

About the course

The standard setters’ focus this year has been on disclosures. Two Exposure Drafts, dealing with supplier finance arrangements, and subsidiaries without public accountability, provide clarification and simplification. Meanwhile the new International Sustainability Standards Board released it first two standards, one on overall sustainability and other specifically on climate relate disclosures.

Making sure you are up to date with the most recent recommendations regarding disclosures, in the new Sustainability Standards released by the ISSB, and in the new Exposure Drafts providing guidance and clarification on subsidiaries and on supplier finance arrangements.