PwC IFRS Deep Dives 2024-2025

IFRS 9 has been an area of attention since the beginning, not just for banks but broadly for most entities including corporates due to its complexity, significant involvement of specialists and actuarial assumptions. The standard is still a matter of concern and a hot topic that takes a lot of time and effort especially around classification and measurement of financial assets and the ECL requirements of debt instruments. It is also an area of attention for a wide range of stakeholders such as investors, regulators, shareholders, Banks, etc. The training will allow enhanced interpretation and analytical skills around considerations and requirements of IFRS 9 ECL as well as classification and measurement.

MQA approved under the title: IFRS Deep Dives - IFRS 9 ‘Financial Instruments’

Date: Wednesday 5 March 2025 | Venue: Hennessy Park Hotel, Ebene

This training focuses on understanding of the principles and application of the acquisition method for accounting for business combinations. Participants will learn to identify the acquirer, determine the acquisition date and assess the fair value of identifiable assets and liabilities. The training will also cover the recognition of goodwill and bargain purchases, as well as the requirements for disclosing relevant information about business combinations. The session will also focus on the control considerations and the relevant criterias and aspects in achieving them.

MQA approved under the title: IFRS Deep Dives - IFRS 3 ‘Business Combinations’

Date: Thursday 17 April 2025 | Venue: Hennessy Park Hotel, Ebene

The accounting and presentation of income taxes are an important element not only to preparers of the financial statements but also to other stakeholders such as investors, regulators, tax authorities, etc. The understanding and interpretation of income taxes and its accounting is important since it is impacted based on transactions and events and balances within the financial statements. During the session, we will cover the core concepts and the key definitions provided by IAS 12 and also the 9-steps to deferred tax accounting. We will also cover a case study to put in application those concepts and steps during the session. Participants will subsequently be more conversant and skilled in interpreting and accounting for income taxes.

MQA approved under the title: IFRS Deep Dives - IAS 12 ‘Income taxes’ 

Date: Thursday 15 May 2025 | Venue: Hennessy Park Hotel, Ebene

IFRS 18, which is the new standard on 'Presentation and disclosures in financial statements', was issued in April 2024 and will become effective from 1 January 2027. It will replace the current standard on presentation of financial statements, i.e IAS 1 ‘Presentation of financial statements’. IFRS 18 is in response to different stakeholders feedback, particularly the investors’ demand for better information in particular around financial performance. The session will aim to cover in detail the key new aspects of the standard namely the principles regarding aggregation and disaggregation; the different new required subtotals and the relevant categories of an entity and subsequently, how this will change the structure of the statement of financial performance. The session will also cover the considerations and requirements with regards to 'Management-defined performance measures' and the relevant disclosure requirements. The successful completion of the training will allow the participants to develop a good knowledge and expertise on the presentation and disclosure of financial statements and they together with their respective organisations are ready to apply the standard when it becomes effective.

MQA approval under the title: IFRS Deep Dives - IFRS 18 'Presentation and disclosure in financial statements'

Date: Completed on Wednesday 27 November 2024 | Venue: Hennessy Park Hotel, Ebene

During the session on IFRS 19, we will cover the reduced disclosure initiatives and possibility, as provided by IFRS 18, to subsidiaries that meet the eligibility criterias. As part of the session we will highlight the core principles and concepts of the standard including the eligibility criteria for application and also look at the different examples/case studies of disclosures on with and without the application of IFRS 19 bases.

We will also cover other updates namely the general requirements for SFRS 1 and a deep dive into SFRS 2 which is the first thematic standard issued that sets out requirements for entities to disclose information about climate-related risks and opportunities. This session will include the impact of climate-related risks on the different elements of the financial statements. In addition, the training will cover 'Supplier finance arrangements and sale and leaseback transactions' and the amendments to IAS 7, IFRS 7 and IFRS 16 respectively.

MQA approved under the title: IFRS Deep Dives - IFRS 19 'Subsidiaries without public accountability: Disclosures'

Date: Completed on Wednesday 4 December 2024 | Venue: Hennessy Park Hotel, Ebene