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IFRS Update and Application Briefing (Virtual Classroom)

Course summary
16 hours
1,850 GBP
Part time
Professional Training
Next available date: 15/03/2021 - Online courses
Course Dates
Online courses
1,850 GBP

Online courses
1,850 GBP

Online courses
1,850 GBP

Online courses
1,850 GBP

Course description

IFRS Update and Application Briefing (Virtual Classroom)

This virtual training is being delivered live and online over 4 individual sessions. The sessions will run each day from 13:00 – 17:00 London (UK).

The content has been designed for experienced preparers and users of IFRS financial statements. It has three main aims:

  • Clarify the impact of coronavirus on accounting, presentation and disclosure in IFRS financial statements for 2020
  • Share recent practical experience of implementing IFRS 16 Leases
  • Review amendments to IFRSs applicable for 2020 and later

The comprehensive course materials also deal with outstanding Exposure Drafts.

Please note that, given the specialised nature and complexity of IFRS 17 Insurance Contracts, this program does not cover IFRS 17. For those with a particular interest in insurance, we recommend our three-day program, Course 1331 Insurance Contract Accounting Workshop.

This program provides answers to questions such as:

  • How are IFRS financial statements affected by coronavirus?
  • What lessons can be learnt from practical experience of applying IFRS 16 Leases?
  • What is the current status of the IASB’s work plan?

Suitability - Who should attend?

This training course is especially suitable for:

  • Accountants in finance and reporting teams that prepare IFRS financial statements
  • External and internal auditors
  • Financial and credit analysts who review financial statements

Outcome / Qualification etc.

After attending this course you will be able to:

  • Learn how coronavirus affects IFRSs relevant to your organisation 
  • Draft disclosures to reflect your organisation’s specific circumstances 
  • Learn from recent real-world examples of best practice in presentation and disclosure
  • Plan ahead for future changes

This course is worth 16 CPD hours.

Training Course Content

This course is designed to cover the following key topics:

  • Impact of coronavirus on IFRS accounting in 2020
    • Going concern assessment and material uncertainties
    • Disclosure of significant judgements and critical accounting estimates
    • Presentation (IAS 1)
    • Impairment of non-financial assets - (IAS 36)
    • Leases – amendment re lease concessions (IFRS 16)
    • Financial instruments – expected credit losses, contract modifications, classification (IFRS 9)
    • Government grants and assistance (IAS 20)
    • Income taxes (IAS 12)
    • Revenue from contracts with customers (IFRS 15)
  • Recent practical experience of implementing Standards
    • IFRS 16 Leases
  • Overview of other amendments to Standards and current Exposure Drafts, including
    • Definition of Material (IAS 1 and 8) 
    • Definition of a Business (IFRS 3)
    • General Presentation and Disclosures (ED/2019/7)
  • Update on IASB Work Plan – maintenance and standard-setting projects


The cost of this training course is £1,850. 

About provider

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IASeminars Offer Client Focus Training Solutions 

Whatever your requirements are for training in international accounting, you can be assured that IASeminars are ready to deliver. Offering topics such as IFRS, US GAAP, IPSAS, Management Accounting and Banking Regulation we are passionate about helping you progress your...

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15 Westferry Circus
Canary Wharf
E14 4HD London

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