IFRS Update and Refresher

This course will provide an update regarding changes to IFRS requirements, together with a refresher on other issues and the differences between IFRS and UK GAAP.

Such issues may include the following but will be adjusted according to what is topical:

• Current adoption of IFRS being “UK” adopted rather than “EU”
• Changes for periods commencing 1 January 2021 including the Interest Rate Benchmark Reform - amendments to IFRS 9, IAS 39 and IFRS 7
• BEIS guidance for periods commencing 1 January 2021
• IFRS 15 Revenue from contracts with customers, including the FRC Thematic Review
• IFRS 16 Leasing – implementation issues, including the FRC Thematic Review
• IFRIC amendments and decisions
• Exposure drafts and discussion papers
• Common issues identified in IFRS accounts, including cash flow statements and strategic reports
• Remaining differences between IFRS and UK GAAP

The content for online courses predating 2021 may vary.