Name: Advanced IFRS Updates: Navigating the Annual Improvements
Price: 99 CAD
Rating: 4.4 (110 reviews)

What You'll Learn

check_circleUnderstand the Latest IFRS Improvements: Gain a comprehensive understanding of the recent changes in IFRS, including key areas such as hedge accounting, financial instrument disclosures, and consolidated financial statements.

check_circleAssess Impact on Canadian Companies: Evaluate how the annual IFRS improvements affect Canadian businesses, particularly in terms of financial reporting, compliance, and global alignment.

check_circlePractical Application: Learn how to apply the changes in IFRS to real-world scenarios, focusing on the preparation and analysis of financial statements for Canadian companies.

check_circleCompliance and Reporting Standards: Understand the compliance requirements and deadlines for implementing the new standards, and how to adjust financial data accordingly.

check_circleGlobal Standards and Convergence: Explore the convergence of Canadian standards with international IFRS, assessing its impact on multinational companies and cross-border transactions.

check_circleInteractive Discussion and Case Studies: Engage in discussions on various case studies and practical examples, including a special conversation with expert Sophie Wong, to understand the practical implications of these changes.

About This Course

This comprehensive course offers an in-depth exploration of the latest annual improvements to the International Financial Reporting Standards (IFRS) as they apply in Canada. Designed specifically for accounting professionals, the course provides a detailed analysis of the significant changes and advancements in IFRS, including hedge accounting, financial instruments, consolidated financial statements, and cash flow disclosures. Through expert insights and practical examples, participants will gain a robust understanding of how these amendments impact financial reporting and compliance in the Canadian context.

Key Topics Discussed:

Annual Improvements to IFRS: An overview of the yearly updates and modifications to the International Financial Reporting Standards.
Hedge Accounting Updates: Detailed examination of the latest changes in hedge accounting practices and their implications for financial reporting.
Financial Instrument Disclosures: Exploration of revisions in the disclosure requirements for financial instruments, including IFRS 7 and related standards.
Implementation of IFRS 7: Insights into the practical aspects of implementing the IFRS 7 financial instruments standard.
Consolidated Financial Statements: Analysis of the amendments related to consolidated financial statements under the IFRS.
Cash Flow Reporting: Understanding the changes in cash flow reporting requirements and their impact on financial statements.
Stakeholder Involvement in IFRS Changes: Discussion on how companies and stakeholders can provide input during the consolidation period of IFRS changes.
RFS 9 and RFS 57 Revisions: Examination of the suggested amendments to RFS 9 and RFS 57, focusing on financial instrument disclosures and guidance.
Aligning Canadian IFRS with Global Standards: Understanding how Canada's adaptation of IFRS aligns with global accounting practices.
Compliance and Reporting Requirements: Guidelines on how companies must adjust their financial reporting to comply with the new standards.

Your Instructors

Sophie Wang

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star1,319 reviews

I am Sophie, a Certified Public Accountant (CPA) with more than 10 years of experience and an Accounting degree, I love to bring expertise and practical knowledge to the table. Passionate about accounting, I enjoy simplifying complex concepts for students. My teaching style combines real-world examples with interactive methods, aiming to make accounting principles accessible. I am dedicated to nurturing aspiring accountants and professionals through workshops and mentorship, contributing actively to the field while staying updated with industry trends.

Carl Braun

Host

Business Solutions Manager from October 2019 to present Area Manager - Workforce Solutions Rural Capital Area from May 2019 to October 2019. Responsible for directing the efforts of an 8 person Business Consulting Team for the nine-county Rural Capital Area (the 9 counties that surround Austin (Travis). Deliver business services to more than 10,000 employers annually including access to grants, pandemic funding, training, recruitment and retention strategies and more. Work closely with other Workforce Boards, Texas Veterans Commission and Texas Vocational Rehabilitation Services. Established the Rural Capital Neurodiversity Project with VR partners. As a USAF veteran I closely support TVC intiatives and have two TVC Business Reps working with my team to serve our veterans and their families. Directing the efforts of the WSRCA Hiring Red, White and You Career Event both online and in Round Rock and San Marcos. After 10 years of growing Cross-Post LLC from zero to more than 250 clients we sold the company to Recruitology (Aftercollege Inc), Previously as CEO and co-founder of Cross-Post LLC, I was responsible for assisting 250+ newspaper clients like The Washington Post, The Seattle Times and the Milwaukee Journal Sentinel in offering recruitment products that grow revenue while helping their employer/advertisers fill distinct needs. These are unique upsell or add-on products that employers want and need. In all we had fifteen niche recruitment networks from Trucking to Healthcare, partnering with the leading job boards in the space. Recruitology continue's serving our former clients. Developed some of the first internet job boards in 1996 focusing on recruiting women, minorities and veterans. Sold that company to DiversityInc Magazine in 2001 and remained as their President of the Careers Division until 2003 growing it to more than 4,000 clients. Formerly, SVP of Strategic Recruitment for The Inclusiv Group, a retained executive search firm. 30 year history in recruiting and business development working for companies like

Credit Information

Is this course eligible for my CPD requirements as a Canadian CPA?

Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

Advanced IFRS Updates: Navigating the Annual Improvements