IFRS update – changes in IFRS standards and key topics for the end of 2023

Who are the intended course participants?

• All employees of accounting, tax or controlling departments involved in the preparation of reporting packages, statutory financial statements, and consolidations in accordance with IFRS.

Programme

• Amendment to IAS 1 – Disclosure of Accounting Policies, Classification of Liabilities as Current and Non-current
• Amendment to IAS 8 – Definition of Accounting Estimates
• Amendment to IAS 12 – Income Taxes (the recog­ni­tion of deferred tax in relation to leases, impacts of tax legislation – pillar II)
• IFRS 17 – Insurance Contracts: can the standard have an impact on companies other than insurance companies?
• Amendment to IFRS 16 – Lease Liability in a Sale and Leaseback
• Amendment to IAS 7 / IFRS 7 – Supplier Finance Arrangements
• Other expected changes – summary

Benefits

During the course, you will:

• learn to adjust accounting procedures, reporting packages and disclosures in the financial statements in line with the new requirements
• assess whether the company may have contracts that are required to be accounted for under IFRS 17.