Course description
IFRS and ESG Reporting Workshop
This ESG course is available as a face to face event or as a virtual, online training!
It will commence with an update concerning new standards applicable from 2021 through 2023. This will be followed by a consideration of key projects in the work plan of the International Accounting Standards Board especially progress towards a revised standard on financial statement presentation.
The COVID 19 pandemic has put the spotlight on several key accounting topics especially those that require the exercise of judgement in the measurement of amounts to be reported in the financial statements. Regulators are paying particular attention to these and are requiring ever more robust and company specific disclosures about them. In the light of this we will consider:
- Going concern assessments
- Impairment
- Climate related disclosure
- Revenue recognition
- Leasing
The demand for ESG information is gaining traction as never before. We will therefore continue the course with a briefing on the essentials of ESG, the drivers of demand for ESG data and a possible schematic for ESG reporting. The course will then move on to an provide update on the latest developments relating to an ESG regulatory reporting framework. In particular we will consider the output of the newly created International Sustainability Standards Board and the Task Force on Climate-related Financial Disclosure.
Upcoming start dates
Suitability - Who should attend?
Who is the course aimed at? Can be expressed in terms of job titles and / or, probably more helpfully, by responsibilities.
For the IFRS Update Sessions:
- Accountants in finance and reporting teams that prepare IFRS financial statements
- External and internal auditors
- Financial and credit analysts who review financial statements
For the ESG sessions:
- Accountants who are involved in the development and implementation of ESG and sustainability reporting
- Financial analysts who review the content of sustainability reports
Outcome / Qualification etc.
From the IFRS Update sessions:
- Gain an awareness of upcoming changes to IFRSs and how to implement them
- Learn from recent real-world examples of best practice in IFRS reporting
- Improve the quality of disclosures in IFRS financial statements in preparation for increased regulator scrutiny
- Plan ahead for future changes
From the ESG sessions:
- Minimize the learning curve for getting up to speed on the essentials of ESG and ESG reporting
- Gain an awareness of the current frameworks for ESG and sustainability reporting
- Gain a current awareness of the fast-moving development of an internationally applicable framework for ESG and sustainability reporting
- Plan ahead for the future implementation of the changes in corporate reporting
CPE credits are available for all courses.
Training Course Content
This course is designed to cover the following key topics:
- New IFRS standards
- Applicable from 2021
- Applicable from 2022
- Applicable from 2023
- Current IFRS standard setters’ workplan
- Research projects
- Maintenance projects
- Standard setting projects
- Regulators’ concerns
- Topics in the COVID 19 spotlight:
- Subsequent events and going concern
- Asset impairment and climate change
- Deferred tax assets
- Judgements, estimates and sensitivities – especially in relation to revenue recognition and leasing
- Topics in the COVID 19 spotlight:
- Some games
- Spot the company balance sheet
- Spot the industry ESG profile
- What is happening with ESG and sustainability reporting?
- What is in an E an S and a G? Some war stories
- Why is it all so quickly becoming such a big deal?
- Sustainability reporting v financial reporting
- ESG materiality – a very different way of thinking - some cases
- The problems of “alphabet soup” and “green washing”
- All coming together with the involvement of the Trustees of the IFRS Foundation and the FSB Task Force for Climate-related Financial Disclosure
Why choose IASeminars
We've been training for 20 years.
50% of our business comes from returning clients.
We offer instructor-led training in international locations, over Zoom or in house.
Reviews
Average rating 4.5
Thoroughly enjoyed the course. Saket was very knowledgeable. His very approachable teaching style enabled the group to ask questions without feeling stupid.
Expenses
The cost of this training course is £2,050 + VAT for face to face events and £1,850 + VAT for virtual events.
In-House Training
In addition to the scheduled dates and locations, IASeminars can also run this course as in-house training, to meet the specific requirements of your team. Contact them here to request a customised training solution for your team.
The course was dense of content and the material provided was exhaustive and excellent. The instructor knowledge was above expectations.