CPDStore Ireland

Financial accountants need to constantly be aware of the most recent developments in financial reporting so that they can advise their clients on the likely impact of any likely changes on their financial statements.  This session will cover the most recent and future major changes to IFRS.

The major changes likely to impact the current and future preparation of financial reporting under IFRS will include:

• IFRS 18 Presentation and Disclosure in Financial Statements (April 2024)
• IFRS 19 Subsidiaries without Public Accountability: Disclosure (May 2024)
• Exposure Draft: Provisions - Targeted improvements to IAS 37 (Nov 2024)
• Exposure Draft: Climate-related and Other Uncertainties in the Financial Statements (July 2024)
• Exposure Draft: Business Combinations—Disclosures, Goodwill and Impairment (March 2024)
• Exposure Draft: Contracts for Renewable Electricity (May 2024)
• In addition, a brief coverage of IAASA’s financial reporting decisions (2024 -25) and its key observations for December 2025 reporting will be covered in the session

By attending this session it should enable delegates to be ahead of the pack in understanding the likely impact the changes will have in preparing their financial statements under the proposed new rules

The session will be of most interest to preparers of financial statements under IFRS as well as their auditors. 

The entry level subject would be at an intermediate level as delegates will be assumed to have a reasonable knowledge of the content of existing IFRS. It also represents knowledge that all financial accountants need to know.