The preparation of financial statements using IFRS is a challenge for a lot of practitioners, not least because it is a regime which many encounter relatively rarely in practice.
DurationThe preparation of financial statements using IFRS is a challenge for a lot of practitioners, not least because it is a regime which many encounter relatively rarely in practice.
This seminar will explain all the key things that accountants and auditors should be thinking about in advance of December 2023 year ends and will highlight the most common problems with existing standards and how to tackle them.
Topics covered include:
Changes to accounting and disclosure rules for December 2023 year ends and onwards Common challenging areas in applying IFRS and how to tackle them What are the IASB are currently looking at – an insight into IASB Exposure drafts and projects
An overview of some of the strategic reporting requirements, including the latest climate-related disclosures focus points Regulator feedback and what it means for IFRS preparers and FRS 101 accounts for qualifying SME businesses
Insight Training provides financial technical training in UK GAAP, FRS100-102, IFRS, audit and assurance and anti-money laundering alongside financial and commercial awareness training and business skills courses throughout the UK.
We engage with our clients to understand their businesses and work together to achieve excellence and impact. We strive to perform to the highest standards and deliver high quality, fit for purpose solutions for our clients.
Our Team
All of our team members have a wealth of experience in the financial training world. We work with a small team of trusted associates, handpicked because of their subject matter expertise and superb facilitative style. All are committed to our core principle – to make training enjoyable, relevant, engaging and long lasting.
Our ability to work with our associates ensures you get the best trainer to meet your precise needs, in your preferred location. It allows us to deliver large scale training programmes across multiple sites.
This two-day course will focus on accounting for insurance contracts as per IFRS 17. Currently, there are different accounting practices for similar insurance contracts.
This course aims to provide a sound knowledge of the regulatory and conceptual frameworks that are fundamental to the preparation of financial statements for limited companies.
The IASB’s standard, IFRS 15 is mandatory for periods beginning on or after 1 January 2018 with early application permitted.
What is IFRS? IFRS means International Financial Reporting Standards. They are issued by an independent body called as International Accounting Standards Board.
Managers and executives from the public sector, particularly those using or planning to use IPSAS and want to know acquire the tools needed to understand and apply the standards need to take this course.
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