IFRS: An Update of Recent Changes


This seminar provides a summary of recent changes to IFRS issued by the IASB, including IFRS 15 (Revenue from Contracts with Customers), IFRS 9 (Financial Instruments) and IFRS 16 (Leases). This one-day update will allow you to:

  • Understand how recent changes will affect your financial statements
  • Avoid errors in measurement, classification and footnote disclosures
  • Learn how the changes compare with US GAAP



To provide updates on recent IFRS changes and comparison with US GAAP, including revenue recognition, financial instruments, lease accounting, recognition of deferred taxes for unrealized losses, share-based payment transactions, and other amendments to IFRS.

  • IFRS 15 and revenue recognition 5-step model
  • IFRS 16—new guidance requiring lessees to classify all leases as finance leases
  • IFRS 9—Financial Instruments
  • New guidance on hedge accounting that more closely aligns with an entity’s risk management strategies
  • New impairment model based on a 12-month expected credit loss, which generally results in earlier recognition of credit losses
  • Amendments to IFRS 2, clarifying the accounting for certain types of share-based equity compensation arrangements
  • Amendments to IAS 40 on transfers of property assets to, or from, investment property
  • Amendments to IAS 7, requiring additional disclosures related to liabilities classified as financing in statement of cash flows
  • Annual Improvements to IFRS 2014-2016 Cycle
  • Amendments to IFRS 12, IAS 28 and IFRS 1

Knowledge of IFRS.


No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: