Course Description

Synopsis:

This module presents the highlights of the 2023 ISCA Web-Bitez Learning Series on "Update to Accounting Standards".

Key Discussion Points:

1. Agenda Decisions Published by IFRS Interpretations Committee
2. IAS 37 Provisions (Contingent Liabilities and Contingent Assets)
   • Negative Low Emission Vehicle Credits
3. IFRS 9 (Financial Instruments) and IFRS 16 (Leases)
   • Lessor Forgiveness of Lease Payments
4. IFRS 16 (Leases)
   • Definition of a Lease –Substitution Rights
5. New Standards Effective for the Annual Reporting Periods Beginning on or after 1 January 2023
6. Disclosure of Material Accounting Policy Information
7. Definition of Accounting Estimates
8. Deferred Tax related to Assets and Liabilities arising from A Single Transaction
9. New Standards Issues but not yet Effective
10. Classification of Liabilities as Current or Non-current

Intended For:

• Audit Professionals / PAIP 
• Finance Professionals  / PAIB 
• Public Sector Finance
• C-suite & Directors

Competency Mapping:

• CPE Category 1 = 1.5 Hours