Course description
The course will commence with an update concerning new standards applicable from 2022 and onwards. This will be followed by a consideration of key projects in the work plan of the International Accounting Standards Board especially progress towards a revised standard on financial statement presentation.
The Russia-Ukraine war, economic uncertainty and rising interest rates has put the spotlight on several key accounting topics especially those that require the exercise of judgement in the measurement of amounts to be reported in the financial statements. Regulators are paying particular attention to these and are requiring ever more robust and company specific disclosures about them. In the light of this we will consider:
- Going concern assessments
- Fair value measurement
- Impairments
- Climate related disclosure
The demand for ESG information is gaining traction as never before. We will therefore continue the course with a briefing on the essentials of ESG, the drivers of demand for ESG data and a possible schematic for ESG reporting. The course will then move on to an provide update on the latest developments relating to an ESG regulatory reporting framework. In particular we will consider the output of the newly created International Sustainability Standards Board and the Task Force on Climate-related Financial Disclosure.
Upcoming start dates
Suitability - Who should attend?
- Accountants in finance and reporting teams that prepare IFRS financial statements
- External and internal auditors
- Financial and credit analysts who review financial statements
- Accountants who are involved in the development and implementation of ESG and sustainability reporting
- Financial analysts who review the content of sustainability reports
Outcome / Qualification etc.
From the IFRS Update sessions:
- Gain an awareness of upcoming changes to IFRSs and how to implement them
- Learn from recent real-world examples of best practice in IFRS reporting
- Improve the quality of disclosures in IFRS financial statements in preparation for increased regulator scrutiny
- Allocate resources to acquire the most suitable digital marketing tools that align with your campaign's objectives.
From the ESG sessions:
- Minimize the learning curve for getting up to speed on the essentials of ESG and ESG reporting
- Gain an awareness of the current frameworks for ESG and sustainability reporting
- Gain a current awareness of the fast-moving development of an internationally applicable framework for ESG and sustainability reporting
- Plan ahead for the future implementation of the changes in corporate reporting
Training Course Content
New IFRS standards
- Applicable from 2022
- Applicable from 2023
- Applicable from 2024 and onwards
Current IFRS standard setters’ workplan
- Research projects
- Maintenance projects
- Standard setting projects
Regulators’ concerns
- Topics in the spotlight due to the Russia-Ukraine war, economic uncertainty and rising interest rates:
- Growing concern
- Fair value measurement
- Asset impairments
- Climate change
- Judgements, estimates and sensitivities – especially in relation to fair values and impairments
Some games
- Spot the company balance sheet
- Spot the industry ESG profile
What is happening with ESG and sustainability reporting?
- What is in an E an S and a G? Some war stories
- Why is it all so quickly becoming such a big deal?
- Sustainability reporting v financial reporting
- ESG materiality – a very different way of thinking - some cases
- The problems of “alphabet soup” and “green washing”
- All coming together with the involvement of the Trustees of the IFRS Foundation and ISSB Standards
- Mandatory requirements in the European Union
Course delivery details
- Group live instruction and illustrative examples
- Use of illustrative IFRS financial statements and worked examples
- Practical workshop exercises using realistic scenarios, case studies, examples of best practice and the models you can use back in the workplace
- Interactive participation is encouraged.
- At VantagePoint, we have a policy to avoid unnecessary printing. All course materials will be provided in soft copy. The only printed materials will be those necessary for exercises in class.
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Unlock your access to our finance & sustainability education, technology and transformation services. Welcome to VantagePoint Training, an exciting name in finance, sustainability and ESG training! Why choose VantagePoint Training?At VantagePoint Training we deliver premium training courses in London, Amsterdam,...