IFRS 9 Financial Instruments [3-4 Hours] IFRS 9 is complicated. But it doesn’t have to be… Join us as we simplify the standard and work through principles practically so that we can bust the myth that IFRS 9 is complicated. Break down IFRS 9 to help professionals better understand what is required of them when accounting for financial instrument transactions and preparation of financial statements, thereby overcoming the fear and uncertainty that IFRS 9 brings. IFRS 7 Financial Instruments Disclosure [2.5 Hours] Financial Instruments in the context of IFRS are rather interesting. The recognition and measurement / impairment considerations are sitting in IFRS 9, whereas the disclosure requirements are contained in IFRS 7. All IFRS clients are affected by IFRS 9 simply for having debtors/creditors and by implication, IFRS 7 Disclosure of Financial Instruments will also need to be considered and applied. IFRS 15 Revenue [3 Hours] IFRS 15 was introduced to bring simplicity to revenue reporting, allowing for a universal conceptual approach that adapts to all types of industries looking to account for their revenue. IFRS 15 moves away from the old IAS 18 approach which aimed at providing guidance based on specific revenue streams, for example, sale of goods revenue versus services rendered revenue, to a more flexible “one-fits-all” approach. The plan for this session is to: a) simplify the theory and b) help you visualize its application through examples. IFRS 16 Leases [3.5 Hours] The new lease standard is fully effective for entities with financial periods ending on 31 December 2019 and thereafter. A major hang-up is that the approach to accounting for leases has changed from the old IAS 17, and many accountants are forced to unlearn old ways and embrace the new. Join us as we push through the uncertainty that comes with a new IFRS standard and looks to make the theory practical for both lessors and leases, regardless of whether the lease is financial or operating.