Getting ready for IFRS convergence

Are you ready to face the avalanche of new FRSs/IFRSs in 2011 and beyond?

Course contents:

Overview of FRS and IFRS development
2 Amendments and 2 IC Interpretations Annual Improvements 2010 with effective date from 1 January 2011, including
- Amendments to FRS 7 : Improving Disclosures about Financial Instruments
- Amendments to FRS 2 : Group Cash-settled Share-based Payment Transactions
- IC 4 Determining Whether an Arrangement Contains a Lease
- IC 18 Transfers of Assets from Customers
1 Amendment and 1 IC Interpretation with effective date from 1 July 2011, including
- Amendments to IC 14 Prepayments of a Minimum Funding Requirements
- IC 19 Extinguishing Financial Liabilities with Equity Instruments
10 MFRSs, 2 IC Inerpretations and 6 Amendments with effective date on and after 1 January 2012, including
- MFRS 1 First-time Adoption of MFRS via PwC's 6-steps approach
- MFRS 124 (revised) Related Party Transactions
- MFRS 9 Financial instruments
- MFRS 10 Consolidated Financial Statements
- MFRS 11 Joint Arrangements
- MFRS 12 Disclosure of Interests in Other Entitites
- MFRS 13 Fair Value Measurement
- MFRS 127 Separate Financial Statements
- MFRS 128 Investments in Associates and Joint Ventures
- MFRS 141 Agriculture
- IC 15 Agreements of Construction of Real Estate
- IC 20 Stripping Costs in the Production Phase of a Surface Mine
- Amendments to MFRS 7 : Transfers of Financial Assets
- Amendments to MFRS 7 : Disclosures - Offsetting Financial Assets & Financial Liabilities
- Amendments to MFRS 132 : Presentation - Offsetting Financial Assets & Financial Liabilities
- Amendments to MFRS 112 - Deferred Tax: Recovery of Underlying Assets
- Amendments to MFRS 101 Presentation of Financial Statements
- Amendments to MFRS 119 Employee Benefits
Other IASB's projects
- Revenue
- Leases
- Insurance contracts
Conclusion