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Downloadable resources
Common Errors - Intangible Assets
Assisting you with the challenges in applying IAS 38 Intangible Assets in a rapidly changing and uncertain environment
Recent publications by the IFRS Interpretations Committee and the International Sustainability Standards Board have not only placed renewed focus on accounting for intangible assets, they have also highlighted the challenges preparers face in applying IAS 38 Intangible Assets in a challenging landscape.
In this session we will focus on some of the more common errors preparers make when accounting for intangible assets, including:
- Identifying intangible assets, including distinguishing between intangible assets and service agreements
- Determining the applicable accounting requirements for intangible assets
- Measuring the cost base of an intangible asset, and
- Determining whether an intangible asset can be revalued.
Learning outcomes:
The presentation aims to provide attendees with an understanding of:
- The key criteria for identifying intangible assets for accounting purposes
- Some of the common practices applied in measuring the cost base of intangible assets, and
- Some of the common challenges preparers face when applying IAS 38 in the context of recent economic and regulatory developments.
Suited to:
Auditors, CFOs, Board Members, Financial Controllers, Finance Teams, and Accountants involved in the preparation of financial reports.
This E-Learning includes:
- a recording of the webinar Event which can be viewed multiple times
- a PDF of the presenter's PowerPoint
- a verbatim Transcript
- any supporting documentation
- a CPD Certificate after successful completion of the Knowledge Quiz
CPD Points: 1
Common Errors – Investment Property
Assisting you with the challenges in applying IAS 40 Investment Property in a rapidly changing and uncertain environment
Sometimes it is challenging to distinguish investment properties from other types of property. The accounting for investment properties, however, is distinct from the accounting for other types of properties, and can have a significant impact on an investor’s financial position and performance.
In this session we will focus on some of the more common errors preparers make when accounting for investment property, including:
- Distinguishing investment property from property, inventory and right-of-use assets
- Initial and subsequent measurement of investment property, and
- Transfers of investment property to and from other classes of assets.
Learning outcomes:
The presentation aims to provide attendees with an understanding of:
- The key criteria for identifying investment property for accounting purposes
- Some of the common practices applied in measuring investment property, and
- Some of the common challenges preparers face when applying IAS 40 in the context of recent economic developments.
Suited to:
Auditors, CFOs, Board Members, Financial Controllers, Finance Teams, Accountants involved in the preparation of financial reports.
This E-Learning includes:
- a recording of the webinar Event which can be viewed multiple times
- a PDF of the presenter's PowerPoint
- a verbatim Transcript
- any supporting documentation
- a CPD Certificate after successful completion of the Knowledge Quiz
CPD Points: 1
Downloadable resources
Common Errors – Property, Plant and Equipment
Assisting you with the challenges in applying IAS 16 Property, Plant and Equipment in a rapidly changing and uncertain environment.
With the introduction of IFRS 16 Leases, preparers face further challenges around correctly distinguishing property, plant and equipment (PPE) from other non-financial assets, as well as appropriately accounting for those assets identified as PPE.
In this session we will focus on some of the more common errors preparers make when accounting for PPE, including:
- Distinguishing between PPE, investment property, inventory and right-of-use assets
- Determining the initial cost, including the accounting treatment of pre-production income
- Accounting for subsequent costs, and
- Subsequent remeasurement of PPE.
Learning outcomes:
The session aims to provide attendees with an understanding of:
- The key criteria for identifying PPE for accounting purposes
- Some of the common practices applied in measuring PPE, and
- Some of the common challenges preparers face when applying IAS 16 in the context of recent economic and regulatory developments.
Suited to:
Auditors, CFOs, Board Members, Financial Controllers, Finance Teams, Accountants involved in the preparation of financial reports.
This E-Learning includes:
- a recording of the webinar Event which can be viewed multiple times
- a PDF of the presenter's PowerPoint
- a verbatim Transcript
- any supporting documentation
- a CPD Certificate after successful completion of the Knowledge Quiz
CPD Points: 1
Financial and Sustainability Reporting - What is Hot and What is Not in 2024?
2024 will host some significant changes in financial and sustainability reporting. Join us as we explore these significant changes and the potential implications they will have for entities into the future.
In this session we will take a look at some of the main changes in financial and sustainability reporting expected in 2024, including:
Accounting in times of uncertainty - factors such as the evolving geo-political risks, energy supply shortages, rising energy prices and inflationary pressures are leading to an uncertain economic environment. There are numerous accounting implications across multiple areas such as going concern assessments, judgements and estimates, impairment of non-financial assets, etc;
- Reporting implications of climate-related matters on the financial statements;
- Measuring an organisations carbon footprint, i.e. carbon accounting;
- The new IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and the new IFRS S2 Climate-related Disclosures; and
- International Accounting Standards applicable for the first time in 2023.
Learning outcomes:
This session aims to provide attendees with the ability to explain:
- Accounting in times of uncertainty;
- Reporting implications of climate-related matters on the financial statements;
- Measuring an organisations carbon footprint, i.e. carbon accounting;
- The new IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and the new IFRS S2 Climate-related Disclosures; and
- International Accounting Standards applicable for the first time in 2023.
Suited to:
Auditors, CEOs, CFOs, Board Members, Financial Controllers, Finance Teams, Accountants involved in the preparation of financial reports.
CPD Points: 1
Latest Developments around Lease Accounting (IFRS 16)
Lease accounting continues to create headaches for finance teams
Are you involved in lease accounting management? Join this session as we discuss the challenges and complexities of applying lease accounting as required by IFRS 16. This session will focus on:
- Why entities should be updating their incremental borrowing rates;
- How to determine the appropriate lease term;
- Accounting considerations for termination of leases;
- Handling lease reassessments and lease modifications;
- Navigating complexities around accounting for holdover leases; and
- Accounting implications of sale and leaseback transactions.
Learning outcomes:
This session aims to provide attendees with the ability to:
- Identify leases as defined in IFRS 16;
- Determine the appropriate lease term;
- Recognise new leases;
- Account for terminated leases;
- Account for lease reassessments and modifications;
- Account for sale and leaseback transactions.
Suited to:
Auditors, CEOs, CFOs, Board Members, Financial Controllers, Finance Teams, Accountants involved in the preparation of financial reports.
This E-Learning includes:
- Recording of the Live Webinar, which can be viewed multiple times
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
- CPD Quiz
- CPD Certificate
CPD Points: 1
Latest Developments around Revenue Recognition (IFRS 15)
Learn how to navigate the issues of implementing IFRS 15
In this session we discuss issues that companies have encountered in implementing IFRS 15 and include a number of new examples to demonstrate how the standard should be applied.
This session will focus on the following aspects of IFRS 15 Revenue from Contracts with Customers:
- Steps 1 to 5 of the revenue recognition model;
- Contract costs;
- Changes in the transaction price after contract inception;
- Sales with a right of return;
- Warranties;
- Principle vs agent;
- Customer options for additional goods or services;
- Renewal options;
- Non-refundable upfront fees;
- Breakage (unexercised rights); and
- Licensing.
Learning outcomes:
This session aims to provide attendees with the ability to explain the following aspects of IFRS 15 Revenue from Contracts with Customers:
- Steps 1 to 5 of the revenue recognition model;
- Contract costs;
- Changes in the transaction price after contract inception;
- Sales with a right of return;
- Warranties;
- Principle vs agent;
- Customer options for additional goods or services;
- Renewal options;
- Non-refundable upfront fees;
- Breakage (unexercised rights); and
- Licensing.
Suited to:
Auditors, CEOs, CFOs, Board Members, Financial Controllers, Finance Teams, Accountants involved in the preparation of financial reports.
This E-Learning includes:
- Recording of the Live Webinar, which can be viewed multiple times
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
- CPD Quiz
- CPD Certificate
CPD Points: 1
The New IFRS S1 re General Sustainability-related Disclosures
Get on the front-foot for ESG reporting requirements
The International Sustainability Standards Board (ISSB) is rapidly moving towards finalising IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures.
By providing a baseline for sustainability and climate-related disclosures, these Standards represent a first step towards a mandatory disclosure framework for environmental, social and governance (ESG) reporting.
In this session we will focus on the expected features of IFRS S1, including:
- Mandatory implementation date, globally and in Australia
- Objective and scope of IFRS S1
- Disclosure requirements applicable to governance, strategy, risk management, and metrics and targets
- General features and definitions of IFRS S1
- Determining materiality
- Disclosing sources of estimation and outcome uncertainty, and
- Qualitative characteristics of useful sustainability-related financial information.
Learning outcomes:
Attendees will:
- gain an understanding of the objectives and scope if IFRS S1
- be able to identify the key disclosure implications of IFRS S1, and
- appreciate some of the similarities between IFRS S1 and the corresponding IFRS, including IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
Suited to:
Auditors, CFOs, Board Members, Financial Controllers, Finance Teams, Accountants involved in the preparation of financial reports
This E-Learning includes:
- a recording of the webinar Event which can be viewed multiple times
- a PDF of the presenter's PowerPoint
- a verbatim Transcript
- any supporting documentation
- a CPD Certificate after successful completion of the Knowledge Quiz
CPD Points: 1
The New IFRS S2 re Climate-related Disclosures
Are you ready for the new ESG reporting requirements relating to climate?
The International Sustainability Standards Board (ISSB) is rapidly moving towards finalising IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures.
By providing a baseline for sustainability- and climate-related disclosures, these Standards represent a first step towards a mandatory disclosure framework for environmental, social and governance (ESG) reporting.
In this session we will focus on the expected features of IFRS S2, including:
- Mandatory implementation date, globally and in Australia
- Objective and scope of IFRS S2
- What is climate risk?
- Disclosure requirements applicable to governance, strategy, risk management, metrics and targets, and
- Industry-based disclosure requirements.
Learning outcomes:
This session aims to provide attendees with the ability to:
- Understand the objectives and scope if IFRS S2
- Understand some of the disclosures anticipated under each of the broad disclosure areas (governance, strategy, risk management, etc), and
- Identify the key disclosure implications of IFRS S2.
Suited to:
Auditors, CFOs, Board Members, Financial Controllers, Finance Teams, Accountants involved in the preparation of financial reports
This E-Learning includes:
- a recording of the webinar Event which can be viewed multiple times
- a PDF of the presenter's PowerPoint
- a verbatim Transcript
- any supporting documentation
- a CPD Certificate after successful completion of the Knowledge Quiz
CPD Points: 1