2022-23 Update: IFRS
This update focuses on disclosures, including clarifications in the Exposure Draft on supplier finance arrangements, simplifications suggested on subsidiaries without public accountability, and new Sustainability Disclosure Standards from the ISSB.
This course is not currently available
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.
Look inside
Contents
- Supplier finance arrangements
- A complicated subject
- Why now?
- IAS 7
- IFRS 7
- Who is affected?
- A change for good
- And next...
- Subsidiaries without public accountability
- The right level?
- High level aims
- Public accountability
- Benefits
- In practice
- IFRS for SMEs
- IFRS 12
- Disclosure of sustainability-related financial information
- A brave new world
- Aims of IFRS S1
- IFRS S1 disclosures
- Core content
- Fair presentation
- Climate-related disclosures
- Aims of IFRS S2
- The big changes
- Reporting requirements
- Financial repercussions
- Climate change resilience
- Existing IFRS standards
How it works
Reviews
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