International Financial Reporting Standard – Caribbean
International Financial Reporting Standards (IFRS) has become the basis for the preparation of financial statements of large and medium sized entities in a lot of counties, which creates a need for an increasing group of professionals to gain knowledge and experience of these standards, as the number of countries adopting IFRS continues to increase.
The goal with IFRS is to make international comparison as easy as possible. This comparability has been difficult because each country has its own set of rules. Synchronizing accounting standards across the globe is an ongoing process in the international accounting community.
IFRS is becoming real and widespread and companies are looking for solutions to overcome their challenges and dilemmas while learning lessons of its proper implementation.
The coronavirus pandemic has created lots of uncertainty for businesses impacting many areas in financial reporting for entities. The obvious areas, include going concern uncertainties, fair value measurements and impairments, which are expected to be commonplace in 2020 financial statements. Whilst we are also embedding the latest IFRSs, there may be increased judgement in these unprecedented times. This course will look at some of the challenges within some IFRSs that may arise from COVID-19, and it will help you master the implementation and application of the new changes to
The participation of delegates is encouraged and they are also invited to bring their own cases and discuss the issues they face in applying the standards.
Who Should Attend
Benefits of Attending
Understanding broad impacts of COVID-19 events on IFRS-based financial statements.
Learning whether your company is required to take into account these changes.
Understanding how to measure and disclose the financial impacts under various areas/elements of accounting.