Description
This course provides an annual update on IFRS® Standards, amendments to standards as well as other considerations that will assist with the preparation of your year end financial statements.
Important note – This material excludes the updates to IFRS 17, Insurance Contracts.
By the end of this course, you will be able to:
- Identify, explain, and apply the key changes to IFRS standards, including:
- the requirements for the IFRS standards that are in effect for annual periods beginning on or after January 1, 2022.
- the changes to IFRS standards that have been issued and are now effective for annual periods beginning on or after January 1, 2023.
- the changes to IFRS standards that have been issued but are not yet effective.
- Identify key elements to the IASB work plan and determine the preliminary impacts of proposed changes.
- Assess the impact of financial reporting changes on your organization.