IFRS are changing as the project to converge with US generally accepted principles begins to gather pace. Many significant new and revised standards are in the pipeline as the standard setters respond to the credit crunch and look to create a robust set of truly global standards. Many new and revised standards will apply for the first time in 2010 and beyond.
The IASB have issued new and revised standards on consolidation, pensions, joint ventures, fair value and related party disclosures. Further additional new and revised standards are due to follow on financial instruments and discontinued operations.
This course looks at these changes and provides an overview of the updated standards.
Revised standards on business combinations became applicable for accounting periods beginning on or after 1 July 2009. As these will affect many entities for the first time in 2010 these important standards will also be covered during this course. Recently issued IFRICs that are applicable for the first time in 2010 will also be covered.
This module will include obtaining a greater understanding of:
- significant new and revised standards
- amendments arising from the IASB's latest annual
- improvements project
- other minor amendments
- recent IFRICs.
Course description provided by BPP.
Duration: 1 hour
Cost: £30 (exc VAT)