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IFRS Issues and Update 2021

Live Interactive Virtual Workshop,
23rd-26th March 2021

IFRS Issues and Update 2021

About This Premier Course

This virtual on-line course is essential for anyone who is involved in financial reporting or the interpretation of financial statements under IFRS. It reviews key recently implemented standards for lessons learned, considers the impact of coronavirus on financial reporting for 2020 and looks at other recent and forthcoming development under IFRS. Due to the specialised nature and complexity of IFRS 17 Insurance Contracts, this program will only provide a brief update on developments relating to this Standard.

Your expert instructor has global experience of leading numerous in-house and public course on IFRS for both accountants and analysts.

The course will run over four half-day module of 4 hours long including three 10 minute breaks,  equivalent to 14 hours of continuing professional development.

Overview

Many companies have struggled with the effects of the coronavirus pandemic, which has disrupted supply chains, consumer demand, employment and led to numerous government initiatives to support businesses. Reporting on the effects of this in financial statements will be a challenge for many businesses as this impacts so many areas including:

  • Impairment of non-financial assets

  • Reporting under going concern principles and material uncertainty

  • Disclosure of significant judgements and critical accounting estimates

  • Reporting of revenues under uncertainty

  • Employee benefits

  • Receivables and credit losses

  • Accounting for government grants

  • Accounting for concessions under leasing agreements

In addition, this year, we have seen companies reporting fully under the new leasing standard and the IASB continues its program of targeted improvements to its Standards.

In this virtual on-line course we will review the statements of companies reporting in this period of uncertainty to:

  • See and share how businesses are addressing the impact of coronavirus and how auditors are responding

  • Seek lessons learned and share practical experiences of implementing IFRS 16 Leases

  • Review amendments to IFRSs applicable for 2020 and later

  • Consider the likely direction of outstanding Exposure Drafts and the IASB’s workplan

Learn from world class expert

Alan Mayo, Director, Maltway Ltd, UK

  • 30 years’ most successful professional experience
  • Co-founded the client training business of PwC London

For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6282 7082

1st morning session

  • Introductions

  • Overview of IASB recent and forthcoming work programme

  • 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)

  • Case studies / group discussions

2nd morning session

  • Impact of coronavirus on IFRS accounting in 2020 continued

  • Financial instruments – expected credit losses, contract modifications, classification (IFRS 9)

  • Government grants and assistance (IAS 20)

  • Revenue from contracts with customers (IFRS 15); this topic will include a recap of the key principles of IFRS 15

  • Case studies / group discussions

3rd morning session

  • IFRS 16 Leases

  • Review of the key principles of the standard

  • Application examples

  • Review of financial statement disclosures

  • Discussion of issues

  • Impact of Covid-19 related rent concessions

  • Case studies / group discussions

4th morning session

  • Overview of other amendments to Standards and current Exposure Drafts, including

  • Disclosure Initiative – Definition of Material ( IAS 1 and 8 )

  • Definition of a Business (IFRS 3)

  • IBOR reform and its effects on financial reporting

  • Classification of liabilities as current or non-current

  • Progress on IAS 17 Insurance

  • Update on IASB Work Plan – maintenance and standard-setting projects

  • Case studies / group discussions

  • Wrap-up of the course

WORKSHOP SET UP & FACILITATION

Registration will be closed four days before workshop date, so that each participant can receive and go through virtual workshop set up instructions sent by us, and complete all the required steps to be ready for the workshop.

We will utilize full features of Zoom etc to make the virtual workshop experience engaging, interactive and effective. The entire workshop will be live to facilitate Presentations, Case Studies, Exercises and Discussions

For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6282 7082

About Your Expert Trainer

Alan Mayo, Director, Maltway Ltd, UK

Alan Mayo is an accounting and finance professional with nearly forty years’ experience. For close to thirty years Alan has specialised in consulting and the delivery of in-house and public financial training delivering programmes in IFRS, financial management, risk and control and analysis of financial statements. During this time he has worked across many sectors and in many countries.

He has global experience ranging from oil and gas to not- for-profit and financial services. He has run in house financial training for major companies such as BP, DuPont, Hewlett Packard, Petronas, Moodys and Saudi Aramco as well as regulators and government and non-profit organisations including numerous UN Agencies.

Alan started his career at PwC, where he worked for eight years in London in their audit and business advisory division and obtained his chartered accountancy qualification. Following a two-year secondment to their Paris office, Alan returned to the UK and co-founded the client training business for Pw C in London. Here he was responsible for developing their successful technical update programme and leading a team responsible for developing and delivering in-house training programmes in financial reporting, budgeting, business valuation and modelling and shareholder value.

Alan now runs a successful financial training company based in the UK and splits his time between managing that business and instructing.

He is a Fellow of the Institute of Chartered Accountants in England and Wales has an Honours Degree in economics from Bristol University and an affiliate member of the Institute of Internal Auditors.

For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6282 7082

Anyone, who prepares or works with IFRS financial reports, or needs to update their knowledge of recent and forthcoming developments in IFRS, including but not limited to:

  • Heads of finance
  • Senior accountants
  • Finance staff
  • Internal and external auditors
  • Financial analysis

Participants shall have prior experience of the preparation, audit or analysis of financial statements. It is helpful if they are already familiar with the principles underlying IFRS and are likely to be working in organisations that have already adopted IFRS or are reporting under frameworks that have largely converged with it.

For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6282 7082

Many companies have struggled with the effects of the coronavirus pandemic, which has disrupted supply chains, consumer demand, employment and led to numerous government initiatives to support businesses. Reporting on the effects of this in financial statements will be a challenge for many businesses as this impacts so many areas including:

  • Impairment of non-financial assets

  • Reporting under going concern principles and material uncertainty

  • Disclosure of significant judgements and critical accounting estimates

  • Reporting of revenues under uncertainty

  • Employee benefits

  • Receivables and credit losses

  • Accounting for government grants

  • Accounting for concessions under leasing agreements

In addition, this year, we have seen companies reporting fully under the new leasing standard and the IASB continues its program of targeted improvements to its Standards.

In this virtual on-line course we will review the statements of companies reporting in this period of uncertainty to:

  • See and share how businesses are addressing the impact of coronavirus and how auditors are responding

  • Seek lessons learned and share practical experiences of implementing IFRS 16 Leases

  • Review amendments to IFRSs applicable for 2020 and later

  • Consider the likely direction of outstanding Exposure Drafts and the IASB’s workplan

Course Methodology

We aim to maximise your learning experience by making best use of the meeting platform. Your expert instructor is experienced in the use of technology for delivering learning and you will be encouraged to interact with your instructor and peer participants using a variety of methods including:

  • Facilitated group discussions using virtual white board, chat box and audio

  • Short case studies to illustrate key issues worked individually or in virtual break outs

  • Polls and quizzes

We will keep presentations short, allow more interaction with instructor and provide an e-workbook containing case studies, extracts from financial statements and summaries of key learning points.

Learning Objectives

  • Discuss how coronavirus affects IFRSs relevant to your organisation

  • Review disclosures from organisations that have had to report on the impact of coronavirus

  • Learn from recent real-world examples of best practice in presentation and disclosure

  • Plan ahead for upcoming changes

For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6282 7082

Knowledge Partner

Oxford Business Group (OBG) is a global publishing, research and consultancy firm, which publishes economic intelligence on the markets of Latin America, the Middle East, Asia, and Africa.

OBG offers comprehensive analysis of macroeconomic and sectoral developments, including banking, capital markets, energy, infrastructure, industry and insurance.

OBG’s acclaimed economic and business reports are the leading source of local and regional intelligence, while OBG’s online economic briefings provide up-to-date in-depth analysis. OBG’s consultancy arm offers tailor-made market intelligence and advice to firms operating in these markets and those looking to enter them.

Event Endorser

MCLI was established in 2004 by infrastructure investors, users and service providers on the Maputo Corridor to address constraints hindering freight movement and to market the viability of the corridor for regional trade. Its partnership of public and private sector members and proactive role has resulted in visibility, credibility and acknowledgement as a model corridor management institution.

Resulting from investment in key infrastructure, the corridor has been a powerful instrument of regional and economic integration; with over $5billion invested in the region since its inception, resultant capital flow has provided sustained economic growth on the corridor in recent years.

Inherent to MCLI’s success is its leveraging of relationships at the highest level to pursue its vision of a cost effective, reliable logistics route. www.mcli.co.za

Media Partners


CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users which have experienced products and services first-hand and have an interest in letting other potential buyers their thoughts on their experience. CrowdReviews.com is driven by an algorithm allowing for both customers and providers of products and services to understand how the rankings are determined. The service can be used by potential buyers to learn more about their vendors prior to making a purchasing decision

Voicesofleaders is a global business network for top executives and companies to Meet, Share and Grow.

We empower entrepreneurs, sme’s and large businesses to succeed by providing customized business profiles by building brand reputation, boosting business potential while increasing business networking among members of VL leaders network.

The customized Business profiles allow you to: Meet top executives across a wide variety of industries, sectors and countries. Share, your business needs among members looking for specific business opportunities Grow your business network at a local and international level while increasing the possibility of creating synergies, finding partners and investors.

Proudly African is an initiative of Global Village Africa which is a marketing and business platform geared towards showcasing and harmonising Africa’s development, trade and cultural diversity to a global audience.

This is where the BEST OF AFRICA in business, government and non-profit organisations unite, promoting their vision and best practice in order to find the right customers, partnerships and joint ventures – in order to grow alongside the continent’s indisputable economic potential.

The initiative has an unstoppable magnetic presence with its ever growing country and sectoral window already in over 20 African states. We invite all leaders in business and government across Africa to showcase and integrate their visions and activities so as to promote inter-Africa trade, investment and technology transfer from around the globe

The www.gvpedia.com site was launched in 2008 so the success stories from the Best of the World print publications could all feature on an online platform. We have more than 5000 pages live and growing fast. In July 2009 we launched a partnership programme and an eBook library to GVPedia which has opened up the scope for new publishing partnerships beyond the ‘Best of Series’ with complementary books and magazines that focus on travel and business from around the world.

The Partnerships Bulletin, PPP Bulletin and P3 Bulletin are a series of magazines and websites providing in-depth updates on partnership working between the public and private sector to procure, build and manage public infrastructure.

Each hard-copy edition of P3 Bulletin (Americas) and Partnerships Bulletin (UK) includes news, interviews with the top industry figures, in-depth market reports on partnership sectors and industry authored articles covering transport, waste, education, healthcare, housing, courts and leisure. Plus, the magazine includes a Business Leads section – giving you information about projects before they are even advertised.

Subscription to all three websites also gives you unlimited access to constantly updated news stories, features and searchable Project Tracker.

The websites and magazines are essential reading for industry professionals to help them make informed decisions and remain at the cutting edge of partnerships and infrastructure business information.

Africa Investor (Ai) is a specialist investment communications firm advising governments, international organisations and businesses on communication strategies for capital market and foreign direct investments in Africa. Africa investor publishes Africa investor, the leading international newsstand magazine for Africa’s investment decision makers; maintains the Ai40 Investors’ Index, hosts the Ai Institutional Investment Summit & Awards, Ai Investment Climate Summit and Investments and Business Leader Awards and the Ai Infrastructure Investment Summit & Awards, among other events.

Animus provides an overview of Sustainability activities in Africa and the direction that has been taken by most companies. The magazine uses the CSR analysis approach to validate the sustainability of various projects underway at any stage of implementation. We provide the much needed platform for sharing best practice with a growing sustainability network. www.animus-csr.com

Africa Monitor is internationally recognised as providing essential information for anyone doing business in, or with Africa. The publication provides subscribers with systematic political risk assessment, economic forecasts and business analysis for every country across the region.

Published by Business Monitor International, the emerging market specialists, Africa Monitor is broken down into four sub regional publications, of which any combination can be subscribed to. The Middle East and Africa Monitor website http://www.meamonitor.com/ includes ALL the content from the publications, a 24-month archive, and gives the added flexibility of exploring that content by country, topic or keyword.

Our publications are subscribed to by over 50% of the Global Fortune 500 companies. Why not take the time to find out why? Click here to visit http://www.meamonitor.com/ for a FREE trial, or call Tel: +44 (0) 20 7246 1403.

Live Trading News is constantly updated to bring you top market news from around the world. It is produced by dedicated staff in Hong Kong working with colleagues in Asia and the United States. We also handpick articles from the world’s top market blogs, money managers, financial experts and investment newsletters.

Live Trading news gives voice to our readers, providing access to the most savvy and experienced investors.

Our site is a free, online source for stock quotes and research. Live Trading News differs from other finance sites because we focus on what, when, and how. What to buy, when to buy it and how to trade it. We deliver opinion and analysis rather than just all news, written exclusively by other investors and traders who describe their personal approach to stock selection and portfolio management, rather than by journalists. Live Trading News features the latest multimedia technologies from online digital magazines to searchable archives of news features and background information.

Clocate.com is a leading search engine and directory for worldwide conferences and exhibitions.

For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6282 7082

Venue: Online Virtual Workshop, Your Computer

 

For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6282 7082


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