Overview
2011 was a year of unprecedented activity at the IASB, resulting in the issuance of four new standards and modifications to three existing standards. In 2012, the Board will issue more new accounting guidelines. This one-day update will allow you to:
• Understand how the recent changes will affect your 2011 and 2012 financial statements
• Avoid errors in measurement, classification and footnote disclosures required by the new guidance
• Get up to speed on new proposals that are expected to be finalized in 2012
Agenda
This workshop provides updates on IFRS changes in 2011 and proposed changes for 2012, including consolidated financial statements, fair value measurement, revenue recognition, lease accounting, financial instruments and more.
AGENDA HIGHLIGHTS
• Understanding and applying the new guidance on:
– Consolidation, which now includes variable interest entities, as well as voting interest entities
– Joint arrangements, which will change the measurement of joint operations and joint ventures
– Disclosures of interests in other entities, including significant judgments and assumptions
– Fair value, which mandates the use of specified valuation techniques
– Presentation of pension expense and actuarial gains and losses
– Changes to the statement of comprehensive income
– De-recognition of financial instruments, which requires enhanced disclosures
• The IASB’s proposed approach to:
– Revenue recognition
– Leases
– Financial instruments
Location
Workshop
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Forum
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