What’s new in financial reporting? Which new pronouncements will impact financial statements?
This Financial Reporting Package will keep you informed of major changes and new standards impacting financial reporting in Australia and help you to prepare financial statements with confidence.
Learning outcomes:Hear about key IFRS and AASB changes and impact areas for business.Hear the outlines of some complex and problematic areas of consolidation accounting.Learn practical insights on how to declutter your disclosures, including the removal of the special-purpose reporting option as well as the practical implications of ED295 and ED297.Gain practical insights on the fundamentals of hedge accounting, hedge documentation and effectiveness testing as per IFRS 9 and developments on interest rate benchmark reforms.Hear insights on Extended External Reporting and explain how climate change and other non-financial information can effectively be reported.Learn about the impact of COVID-19 on asset values, provisions, solvency, going concern assessments and more.Improve your communication skills in an online environment.Develop an understanding of the impacts of sustainability on your business model and the issues your stakeholders and investors are thinking about.
Courses included:Accounting standards update - corporate sector focus (AU Accounting Conference 2021)Complexities in business combinations and common control transactions (AU Accounting Conference 2021)Road to meaningful financial statements through decluttering disclosures + COVID-19 Impact (AU Accounting Conference 2020)Hedge accounting and interest rate benchmark reforms Introduction to Extended External ReportingASIC focus areas for reporting, including continuing impact of COVID-19 conditions (AU Accounting Conference 2021)Public Speaking and How to Present on ZoomSustainable practice – the financial impacts on your business
Benefits of completing:
Once completed, this package will help you to prepare financial statements with confidence.