How do IFRS accounting changes affect your business
International Financial Reporting Standards (IFRS) continue to change, requiring you to keep up-to-date. Listen to our audiocast to review the new IFRS standards on revenue recognition (IFRS 15) and financial instruments (IFRS 9) which are applicable for 2018 (Q1 2018 for calendar year-end reporting issuers) and to get in-depth insights into the significant changes that IFRS 16 Leases will bring and how it will affect your company.
All companies that prepare their financial statements in accordance with IFRS will be impacted in some shape or form by these new standards. While the degree to which an entity’s revenue, profit or assets and liabilities will be affected depends on its own facts and circumstances, the new guidelines substantially increase the volume of information required to be disclosed in the financial statements.
- A high-level overview of the new guidance (IFRS 9, 15 and 16), including key accounting changes
- The industries most affected by each of the new standards
- Key actions to consider for successful implementation of each of the standards
- Potential challenges associated with adopting each of the new standards