MYCPE ONE

IFRS Accounting Updates: Key Amendments and Applications 3 Credits

IFRS Accounting Updates: Key Amendments and Applications 3 Credits

Exploring Key Amendments to IFRS 9, IFRS 7 & IFRS 18 with Financial Instruments and Investment Accounting

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Learning Objectives

  • Identify key amendments to IFRS 9 and IFRS 7 and their effective dates.
  • Explain the main presentation and disclosure changes introduced by IFRS 18.
  • Recognize significant current IASB projects and proposed standard changes.
  • Apply IFRS 15 principles to revenue recognition and contract assessment.
  • Assess financial instrument classification and accounting considerations under IFRS 9.
  • Distinguish accounting considerations for associates, joint ventures, and joint operations.

Course Overview

Changes to IFRS Accounting Standards can affect how organizations classify financial instruments, present financial results, and prepare disclosures. Staying current with new requirements and ongoing standard-setting activity is essential for reliable financial reporting.

This course reviews recent amendments to IFRS 9 and IFRS 7, the presentation and disclosure changes introduced by IFRS 18, and selected current IASB projects. It also revisits the application of IFRS 15 to revenue arrangements, financial instrument accounting under IFRS 9, and the assessment of interests in associates and joint arrangements.

Major Topic:

  • Recent amendments to IFRS 9 and IFRS 7
  • IFRS 18 financial statement presentation and disclosures
  • Effective dates and ongoing IASB projects
  • IFRS 15 revenue recognition and contract assessment
  • IFRS 9 financial instruments and classification
  • Accounting for associates and joint arrangements

Participants will strengthen their ability to recognize reporting changes, evaluate common accounting judgments, and apply relevant IFRS principles to practical financial reporting scenarios.

For more Canadian Accounting-related courses, Click Here.

On Demand Credits for All Qualifications

License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 3 CPE Approved
Management Accounting for Chartered Professional Accountant in Canada 3 CPD Eligible
Management Accounting for Certified Management Accountants (CMA) 3 CE Eligible
Accounting for Chartered Global Management Accountants (CGMA) 3 CE Eligible
Chartered Financial Analyst (CFA) 3 PL Eligible
Certified Government Financial Manager (CGFM) 3 CPE Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 3 CPE Approved
Certified Treasury Professional (CTP) 3 CPE Eligible
Association of Chartered Certified Accountants (ACCA) 3 CPE Eligible
Chartered Accountant - ICAEW 3 CPE Eligible
Certified FP&A Professional (FP&A) 3 CPE Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 3 CPE Approved
Certificate in Investment Performance Measurement (CIPM) 3 PL Eligible
Accounting for Maine Licensed Public Accountant (ME-LPA) 3 CPE Approved
Chartered Accountants - Scotland 3 CPE Eligible
Chartered Accountants - Ireland (CAI) 3 CPE Eligible

Additional Information

Credits

3

Course Level

Intermediate

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.

MY-CPE LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. (MY-CPE LLC 1600 Highway 6 South, Suite 250, Sugar Land, TX 77478, Email: support@my-cpe.com, Phone: 646-688-2884)

At MYCPE ONE, we provide top-tier CPA CPD courses tailored for CPA Canada professionals. Earn your CPD credits in Canada with our flexible and convenient online courses. Our expert-led CPA Canada CPD courses ensure you stay compliant and enhance your professional skills. Whether you need specific CPA CPD credits or comprehensive professional development, MYCPE ONE has you covered. Join us today to access high-quality education designed to meet your CPD requirements efficiently.

About Instructor

AJAG

AJAG Professional Development

AJAG Professional Development

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AJAG offers a comprehensive selection of professional development courses in Tax, Accounting, Assurance, Ethics and more - all designed to keep CPAs informed and up to date. We strive to deliver the highest quality, most relevant and accessible continuing education content for CPAs in Canada. Our instructors are some of the most well-respected presenters in their field and present their own course material - covering a wide range of relevant, timely topics.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. Our courses qualify for credits with NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses accepted by NASBA and other professional organizations?

MY-CPE LLC courses are accepted for continuing education credit by various professional certification programs, including NASBA, IRS, CFP Board, and HRCI. MY-CPE LLC is also recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® and SHRM-SCP® recertification activities.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

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IFRS Accounting Updates: Key Amendments and Applications

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