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

What is new in the IFRS area? What changes need to be reflected in the financial statements prepared in line with IFRS for 2023? What is expected for the future? We can help you understand how new legislation may impact accounting and reporting under IFRS. You will thus be able to better plan your strategic decisions and the preparation of financial statements.

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.