2023-24 Update: IFRS

by Wayne Bartlett

There is currently a lot happening in the world of IFRS. This update gives you all you need to know about the results of post-implementation reviews of existing IFRS Accounting Standards, and the launch of the first two IFRS Sustainability Standards.

This course is not currently available

This course will enable you to

  • Stay on top of all the recent and proposed changes to IFRS and the new Sustainability Standards.
  • Understand the outcomes of the post-implementation reviews of IFRS 3, 10, 11 and 12.
  • Plan ahead for the two new IFRS Sustainability Standards effective for reporting periods beginning on or after 1 January 2024.
  • Make better disclosures concerning business combinations.
  • Discuss the contentious issue of the amortisation of goodwill.
  • Recognise and prepare for upcoming changes to IFRS for SMEs following the latest review.

About the course

There is currently a lot happening in the world of IFRS. This course explores the results of post-implementation reviews of existing IFRS Accounting Standards, and the launch of the first two IFRS Sustainability Standards.

Specific standards covered include IFRS 3, 10, 11 and 12, IFRs for SMEs, IFRS S1 and IFRS S2. We also take a more detailed dive into sustainability reporting, disclosures around business combinations, the measurement of goodwill, and fair value measurement for SMEs.

Look inside

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Contents

  • IFRS 10, 11 and 12
    • The standard-setting process
    • The post-implementation review
    • The review process
    • Conclusions of the review
    • Areas of potential improvement
    • Consolidation issues
  • Sustainability standards
    • A new venture
    • Sustainability Disclosure Standards
    • IFRS S1
    • IFRS S2
    • The need for speed
    • What next?
  • Business combinations
    • Sensitive disclosures?
    • Business combinations
    • Disclosures
    • Goodwill
    • Amortisation arguments
    • Goodwill and impairment
    • Update
  • IFRS for SMEs
    • Key changes
    • Routine maintenance?
    • IFRS for SMEs
    • The Exposure Draft
    • Fair value measurement
    • Implementing IFRS for SMEs

How it works

Author

Wayne Bartlett

Wayne is an internationally acclaimed speaker and trainer on all aspects of public and private sector accounting and auditing standards. He has been instrumental in helping to develop the profession internationally and has taken lead roles in the development of new professional bodies and the accounting profession in Mozambique and Rwanda, and been extensively involved in developing financial reporting in many countries across the globe.

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