IFRS Workshop – Corporate Reporting: What’s On The Horizon?

Introduction

As the global business environment continues to evolve, the importance of International Financial Reporting Standards (IFRS) in ensuring transparency, accountability, and efficiency in financial reporting cannot be overstated. 

Deloitte is pleased to invite you to our workshop where our experts will share key insights into the latest updates and amendments to accounting standards, topical accounting and reporting issues, latest trends and emerging practices in sustainability reporting and lessons learnt from recently implemented standards.

Course content

The event will cover a range of topics, including the following among others:

• Recent updates and amendments to accounting standards:
  
  • Recent updates from International Accounting Standards Board(IASB)
  • Recent updates from International Sustainability Standards Board (ISSB)
  • Key Considerations around IAS 29 - Financial Reporting in Hyperinflationary Economies: Lessons learnt from recent implementation
  • Amendments to IFRS 16 - Leases
  • Amendments to IAS 1 - Presentation of Financial Statements
  • Amendments to IAS 21 - The Effects of Changes in Foreign Exchange Rates
  • Amendments to IFRS 9 - Financial Instruments and IFRS 7 - Financial Instruments: Disclosures
  • Introduction to IFRS 19 - Subsidiaries without Public Accountability
  • IAS 29 - Group reporting considerations
• Topical and contemporary issues around IFRS 18 -  Presentation and Disclosure in Financial Statements including:
  • Introduction to and Overview of IFRS 18
  • Key New Concepts Under IFRS 18
  • Impact of IFRS 18 on Other Standards
  • First Time Application and Implementation Challenges
• IFRS 17 – Insurance Contracts
  • Overview of Key Concepts in the standard
  • Common pitfalls and key lessons from our implementation practice
• IFRS 9- Financial Instruments considerations in an era of uncertainty:
  • Portfolio segmentation – short-term loans considerations
  • Forward Looking Information and Scenario Considerations
  • Loan Modifications
  • Post Model Adjustments for ECL and staging
  • Collateral Valuation
  • Loan Staging
• IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2: Climate-Related Disclosures:
  
  • Emerging Topical Issues
  • Key components and practical aspects of sustainability reporting standards IFRS S1 and IFRS S2​
  • Latest trends and emerging practices in sustainability reporting
  • Best practices for sustainability reporting in line with IFRS S1 & IFRS S2
• Topical tax issues:
  • Legislative and Case Laws
  • Contemporary issues on tax administration

Course Objectives

By the end of this session, participants should be able to:

• Have a comprehensive view of the new and upcoming standards and amendments, and the impact of these on financial reporting
• Understand and stay current with up-to-date knowledge on evolving corporate reporting matters
• Approach, prepare and navigate successfully future changes in the reporting landscape
• Enable participants to align sustainability reporting with broader business strategies and investor expectations
• Have a comprehensive view of recent tax changes, and the impact on business.

Course Benefits

• Participants will engage with industry experts on topical issues
• Interaction and engagement with other industry colleagues
• Access to relevant thought leadership
• Certificate of attendance which is eligible for CPD points