This one-day seminar provides an update on all of the latest developments in IFRS that are most relevant to the UAE economy and are effective in 2021 and beyond. Hosted by PwC's world-leading experts in IFRS adoption, implementation and training using a series of illustrative examples and interactive sessions, this seminar will help you make your CPE/CPD declaration with confidence.
In the seminar we will discuss the changes which will impact the 2021 year end audit and amendments issued in 2021 which will have an impact on future audits and preparation of financial information throughout 2022 such as IBOR reform, IAS 1 classification of liabilities, IFRS 16 COVID related rent concessions, IAS 37 Onerous contracts, IAS 16 proceeds before intended use, IAS 1 and IAS 8 Accounting policies and accounting estimates and many others. The application of existing standards to organisations based in UAE will be covered in-depth during the seminar. In addition, this seminar will cover ongoing projects and other developments in corporate reporting in the region, covering the IASB’s technical agenda and relevant regulations.
The IFRS seminar is suitable for:
- Audit practitioners
- Chief financial officers
- Finance directors
- Financial controllers/managers
- Internal auditors
- Financial analysts
Here’s why you can’t miss the seminar!
- Get 6 CPE credits
- Get the latest updates in IFRS in the region
- Network with like-minded people from the industry
Gavin is the Regional Director for Professional Development at PwC’s Academy Middle East. He is an expert in International Financial Reporting Standards (IFRSs) specialising in financial instruments and oversees IFRS trainings delivered in the region. Gavin has delivered IFRS, finance and accounting training programmes to over 21,000 finance and non-finance professionals from over 3,200 organisations in different industries around the world during his 20 years as a trainer. Gavin is a strong advocate of IFRS as the global financial reporting language and remains actively involved in discussions and consultations around the future development and maintenance of the standard.
Our guest speakers:
Blaise is the Finance and Accounting Advisory Partner at PwC Middle East.
He supports clients achieve their strategic objectives by designing structures and solutions for complex transactions and has worked on over 300 transactions ranging from government, corporate, family business and private equity clients across the Middle East and Europe.
Halil is a Senior Manager for Tax at PwC’s Academy. He brings 8 years of consultancy experience to his role as a subject matter expert and as a tax lecturer. Halil’s focus is on the development and delivery of a range of customised tax programmes, with his current focus on VAT implementation in the GCC region and Advanced Diploma in International Taxation (ADIT). Besides his extensive consultancy experience in VAT in Europe for clients in various industries, Halil has also worked during the implementation phase of VAT in the UAE and KSA.
Ali is a Manager specialising in Taxation and Finance at PwC’s Academy. He holds over six years of experience in designing and delivering trainings and consultations for UAE and GCC and international clients. He has delivered to clients from diverse industry sectors including government entities, oil and gas, telecom and retail in the ME region. Ali is the Academy’s first trainer and material developer for the prestigious GCC VAT Compliance Diploma across the GCC region (UAE, KSA, Oman and Bahrain).
This year we will be hosting the seminar both virtually and face-to-face.
31 October 2021 I 9.00 - 16.00 I USD 600*
Only 50 seats available.
First come first serve.
21 November 2021 I 9.00 - 15.30 I USD 500*
*Discounts are available upon registration. Excluding VAT
An insight into the IASB’s activity for the past year and summary of their view on the future of financial reporting.
IFRS amendments in 2021
This session will cover all the changes which will impact the 2021-year end audit and amendments issued in 2021 which will have an impact on future audits and preparation of financial information throughout 2022 including:
IBOR reform, IAS 1 classification of liabilities, IFRS 16 COVID related rent concessions, IAS 37 Onerous contracts, IAS 16 proceeds before intended use, IAS 1 and IAS 8 Accounting policies and accounting estimates and many others.
As we move into a post Covid-19 economic environment the financial realities of the virus will become more visible as Governments reduce their financial support. Many companies are, or will be, looking at their financial structures and how to release cash. This session will examine a number of available alternatives and the implications.
Following the annual procession of new standards over recent years this has been a year of doing rather than planning. This session covers the issues seen by companies in adopting the newer standards and some old favourites brought into the spotlight by the business environment we live and trade in. This will cover:
• IFRS 15 - specifically contract modifications, variable consideration, contract costs and the trigger for recognition at a point in time and methods for recognising over time.
• IFRS 16 – specifically least term changes due to renewals and terminations, lease modifications and other complexities.
• IFRS 9 – specifically the expected credit loss model for corporates and financial services, intercompany loans and balances, financial guarantee contracts and changes in terms.
Other topics will be covered include shareholder loans, debt v equity
Reporting and disclosures relating to ESG
This session will introduce ESG and why it is so important to corporates as well as cover the latest on the reporting and disclosure requirements.
There are no scheduled dates for this course. Fill out the form to check future dates or deliver the course in-house