2020-21 Update: IFRS

Summary

The coronavirus pandemic has many implications for financial reporting. This course takes you through areas affected and looks at how you need to adapt your financial reports accordingly.

This course is provided by a third party provider accountingcpd.net and the fee charged is exclusive of VAT. 

Venue details:  
Online EU, ,
Start date & time:  
01 January 2020 00:00
End date & time:  
01 January 2022 00:00
Price:  
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
3.50 Training Tickets accepted
CPD hours:  
4.00
Speaker details
First nameLast name
AccountingCPD. net

Description

Product type:  
CPD online course
Category:  
AccountingCPD.net, Financial reporting

Booking with a Training Ticket

Once you have booked your course, you will receive an email with your booking confirmation. The steps you will need to follow to access your online course will arrive in a separate email within 48 hours of your order being processed

Please be aware that participants will have access to this course for 120 days from the date of receiving access via email notification

Course overview 

The coronavirus pandemic has transformed the financial performance of many companies and the financial reporting implications of this are deep and far reaching. This year's IFRS updates course focuses on three areas that are particularly affected by the crisis: the increased risk the pandemic has created for long term projects; the critical issue of interim reporting, what to include and when; and the balance sheet exposure caused by the valuation of assets and goodwill in current and past acquisitions.

The final module looks an area where change is on the horizon. The recent exposure draft on General Presentation and Disclosures proposes some pretty fundamental changes to IAS 1, a founding statement in the IFRS framework, and the way in which financial statements are presented – and it is still open for comment, so you can have your say.

In this course you will:

  • Identify the areas of risk in your supply chain from suppliers unable to honour commitments to customers unable to pay
  • Evaluate subjective issues such as the collectability of revenue and accounting for provisions
  • Identify exposures to asset and goodwill impairments, from present and past acquisitions
  • Decide what disclosures are necessary and how to make them without spooking the market
  • Use the interim report to share information with investors and other stakeholders at the appropriate time
  • Understand the proposals of the recent exposure draft on General Presentation and Disclosures and have your say with the standard setters