International Financial Reporting Standards Updates Workshop 2025 (detail)

Providing a Quality Service

Home International Financial Reporting Standards Updates Workshop 2025 (detail)

Classroom Sessions:

Date	Venue	Fee
22-23 May \| 26-27 June	The Protea Balalaika Hotel, Sandton, Johannesburg	ZAR: 11999.00

Online Sessions:

Date	Venue	Fee
22-23 May \| 26-27 June	Online via ZOOM	ZAR: 8999.00

Why you must attend?

The International Financial Reporting Standards (IFRS) are being continually adopted by more markets (Almost over 140 countries) and at the same time new/revised Accounting Standards, Discussion papers (DP), exposure drafts (ED), research projects, amendments, technical clarifications and new disclosure requirements are being issued on a regular basis by the IASB causing real challenges for the organisations and individuals who use and produce financial statements under IFRS.

To stay fully up to date with all the changes or have a better perspective of the issues faced by entities, concerns raised by the regulators and best practices all around the world, this workshop provides a detailed and practical overview of IFRS updates that will take effect in 2025 and 2026, along with insights into upcoming changes in the IFRS framework.

we have developed this Update programme to give you all the required knowledge, skills and experience to deal with these challenges that will help you to take note of all the development which would have an impact on your upcoming annual report.

This is an instructor led course for professionals (beginners to expert level) who want to gain an update on the latest changes to the IFRS and its impact on the entities. This IFRS course has been designed to be highly interactive and practical to provide exhaustive learning of conceptual and practical issues for those who are looking to understand the latest accounting challenges and best practices adopted in the market.

Key takeaways:

This 2-day comprehensive IFRS update programme will give you a complete:

Update on all the newly issued accounting standards;
Timeline proposed by the IASB
Discussion papers and Exposure drafts issued by the IASB;
IFRIC update and its impact on your current practices;
Annual improvements projects and changes affecting your upcoming annual report
Key matters under discussion at the IASB;
Research projects undertaken by the IASB and status update;
Issues raised by the industry bodies and its impact on the upcoming annual reports;
IASB’s project timeline and what to expect in the next 12 months;
Recent Accounting/Reporting Scandals and issues with the current application of Accounting Standards and how it would have an impact on your annual reports
A fully up to date IFRS update material for your reference.
Plenty of examples and group case studies for you to understand the concept;
Handouts and other useful material

Who should Attend?

This course is suitable for professionals (beginners to specialists) from all industry groups. Examples of some of the roles that will benefit from this course are:

Chief Financial Officers/ Finance Directors;
Finance executives
Corporate finance function;
Accountants / Financial Controllers
Financial Reporting Executives
Treasurer
Budget Officers / Forecasting Specialists;
Auditors (internal/External)
Risk managers
Merchant bankers
Tax Directors /managers
Regulators;
Academicians
Accountancy students
Analysts
Fund Managers and Investors
Strategic and Financial Planners
Private Equity and M&A Specialists
Investment Bankers
Corporate Bankers
Investment Managers
Senior operations managers

Day One 1. IFRS 16: Leases

SESSION ONE UNDERSTANDING THE BUSINESS MODEL

Differences between existing and new lease accounting practices.
Classification of leases: risks and rewards of ownership.
Impact of IFRS 16 on financial statements across industries (airlines, manufacturing, retail, etc.).
Lessee and Lessor Accounting:
- Accounting for finance leases vs. operating leases.
- Sale and leaseback transactions.
- Type A and Type B leases.
- Expected changes in lessee accounting.
Implementation challenges and transition guidance.
Case studies and real-world applications.

2. IFRS 15: Revenue Recognition

Recognition criteria for various transactions (sale of goods, services, royalties, etc.).
Impact on existing revenue recognition policies.
Measurement considerations: fair value and time value of money.
Specific cases:
- Sale and repurchase agreements.
- Contracts with multiple components.
- Sales with right of return.
- Advance payment of goods.
Practical challenges and case studies.

3. IFRS 18: Presentation and Disclosure in Financial Statements

New mandatory categories and subtotals in the statement of profit or loss.
Enhanced disclosure requirements for unusual income and expenses.
Effective date and transition guidance.
Practical challenges and recommended solutions.

4. IFRS 19: Subsidiaries Without Public Accountability—Disclosures

Scope and applicability for certain subsidiaries.
Key disclosure requirements.
Financial position and performance reporting.
Fair value measurement applications.
Effective date and transition guidance.

5. Amendments to IFRS 9 and IFRS 7: Classification and Measurement of Financial Instruments

New criteria and clarifications:
- Derecognition of financial liabilities.
- ESG-related financial assets.
- Contingent settlement provisions and enhanced disclosures.

6. Annual Improvements to IFRS Standards—Volume 11

Overview of amendments to IFRS 1, IFRS 7, IFRS 9, IFRS 10, and IAS 7.
Implementation and effective date considerations.

DAY TWO

7. Financial Instruments and Consolidation (IFRS 10, IFRS 11)

Definition of control and joint control.
Understanding substantive control.
Impact on various types of structures.
Accounting for interests in joint operations vs. joint ventures.

8. Fair Value Measurement (IFRS 13)

Principal and most advantageous markets.
Transaction and transport costs.
Hierarchy of fair value measurement.
Valuation techniques and practical challenges.

9. IFRS 9: Impairment of Financial Assets

Transition from incurred loss model to expected credit loss model.
Application of impairment model.
Emerging issues and implementation challenges.

10. IAS 21: Lack of Exchangeability Amendments

Criteria for determining when a currency is exchangeable.
Impact of exchangeability issues on financial statements.

11. IFRIC Updates

Key interpretations and decisions:
- IFRIC 22: Foreign Currency Transactions and Advance Consideration.
- IFRIC 23: Uncertainty over Income Tax Treatments.
- Latest IFRIC agenda decisions and their implications.

12. Proposed Amendments

IFRS 2 – Share-based payment amendments.
IFRS 3 – Business combinations clarification.
IFRS 8 – Operating segments improvements.
IFRS 10 and IAS 28 – Sale or contribution of assets between investor and associate.
IFRS 13 – Fair value measurement guidance.
IAS 1 – Classification of liabilities amendments.
IAS 7 – Disclosure initiative improvements.
IAS 12 – Recognition of deferred tax assets for unrealized losses.
IAS 19 & IFRIC 14 – Plan amendments and surplus availability from defined benefit pension plans.
IAS 40 – Transfers of investment property.

13. IFRS Research Projects and Future Developments

Business combinations under common control.
Equity method of accounting.
Financial instruments with characteristics of equity.
Provisions, contingent liabilities, and contingent assets.

Q&A and Practical Application Session

Case studies on recent accounting scandals and their implications.
Group discussions on best practices for implementing IFRS updates.
Q&A session to address participant concerns and challenges.

Conclusion and Wrap-Up

Summary of key takeaways.
Discussion on how to prepare for upcoming IFRS changes.
Distribution of course materials and further resources.