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PwC's Annual IFRS Update 2017

PwC's Annual IFRS Update 2017
PwC's Annual IFRS Update 2017
PwC's Annual IFRS Update 2017
Registrations open for PwC's Annual IFRS Update 2017

Get an update from PwC’s IFRS experts on the latest global finance megatrends and their impact on future strategic and tactical agenda items. Learn about developments in IFRS globally and regionally, about the key IFRS standards for 2018 and beyond and get insights on the key issues affecting IFRS implementation.

Hosted by PwC's globally leading experts in IFRS adoption,implementation and training and using a series of illustrative examples and interactive sessions, this one-day
conference will leave you able to make your CPE/CPD declaration with confidence.

PwC's Annual IFRS Update 2017

International Financial Reporting Standards are the world’s most widely applied accounting standards and are constantly evolving.

Our annual one-day conference provides an update on all of the latest developments in IFRS including key standards effective in 2018 and beyond, insights on key issues affecting implementation and the impact of anticipated and published changes on organisations. Delegates will get an insight into global issues affecting today's finance function and the impact of megatrends. In addition, this year's conference will also include an update on the accounting and reporting implications of VAT in the GCC.

By the end of this conference, delegates will have knowledge of:

  • Latest global finance megatrends and issues
  • Important IFRSs in the region: IFRS 3, IAS 36
  • New IFRS for 2018: IFRS 9, IFRS 15
  • New IFRS for 2019 and beyond: IFRS 16, IFRS 17
  • VAT and IFRS
  • Annual improvement projects and future developments
PwC's Annual IFRS Update 2017

Our annual IFRS Conference is attended by finance professionals from across the Middle East. The conference is a great opportunity to network with fellow audit practitioners, CFOs, finance directors, finance controllers/managers, internal auditors, accountants and financial analysts.

It is also suitable for all professionals who want to stay updated with the latest developments in IFRS and prepare for the impact of those on their business.

Our 2017 regional IFRS conference has three discount options, however please check with us directly for details as discounts are limited to certain cities.

  • 10% early bird discount for registrations completed one month before session date
  • 15% discount on company sponsored registrations: Contact us directly
  • 15% discount: Members of professional bodies (ACCA, CMA, CPA, ACA etc.)  Contact us directly
  • 25% discount for groups of 4 or more delegates

The discounts cannot be combined.

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Course structure

IFRS in the region

This session will cover IFRS standards  which have given rise to issues in the region and serve as a refresher of how these important standards should be applied:

  • IFRS 3 Business combinations: Focus on the calculation of goodwill, recognition of intangibles, the treatment of transaction costs and contingencies
  • IAS 36 Impairment of assets: Focus on the calculation of recoverable amount

Global news and issues

This session will offer an insight into the global issues affecting today's finance function including the impact of megatrends; and on the strategic and tactical agenda items of tomorrow.

New IFRSs for 2018

This session will serve as a refresher of the key requirements of the standards coming into effect from 1 January 2018 and the expected implementation impact.

  • IFRS 9 Financial instruments: Changes to the classification and measurement of financial assets, the introduction of the expected credit losses model and the changes to hedge accounting will have a significant effect on the way organisations account for their investments, loans risk management activities and even receivables and payables
  • IFRS 15 Revenue from contracts with customers: Adoption of IFRS 15 will potentially change the timing and value of revenue recognised in the period. The most significant impact is on those organisations offering 'free' add ons, bundled products, construction services and where the value of the contract is variable

Also includes an opportunity to 'Ask the Experts' in a dedicated Q&A session.

VAT and IFRS

The implementation of VAT in the GCC will have an impact on systems, processes and the accounting for transactions. This session will cover the accounting and reporting implications of VAT:

  • Overview of how VAT works: Compliance and systems issues
  • Accounting for VAT and IFRS: Impact on the financial statements

New IFRSs for 2019 and beyond

With the issue of new standards covering the last of the two 'Big Four' projects preparation for adoption can and should begin in earnest. This session will cover the key requirements of the following standards:

  • IFRS 16 Leases: The impact of this standard is arguably the most significant change in financial reporting of a generation and will result in changes to KPIs of any organisation that rents assets as a lessee.
  • IFRS 17 Insurance Contracts: Accounting methods within the insurance industry has received significant criticism of late and has been a key target area for improvement by the standard setters. Issued in May 2017 and with implementation from 2021 the industry has time to prepare, providing they start early enough

Also includes an opportunity to 'Ask the Experts' in a dedicated Q&A session.

Annual improvement projects and future developments

Whilst the focus has been on the 'Big Four' projects of IFRS 9, IFRS 15, IFRS 16 and IFRS 17 there have been a number of other amendments through the annual improvements projects. This session will cover the main elements of these changes.

Schedule
Schedule

There are no scheduled dates for this course. Fill out the form to check future dates or deliver the course in-house

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