Preparing for March 2026 Year End: IFRS Updates and Hot Topics
This IFRS Training Webinar Series, is designed specifically for those preparing financial statements for the March 2026 year-end. This two-part series provides a comprehensive overview of the latest IFRS updates, explore current hot topics, and highlight key areas of audit concern. In addition, we offer practical guidance to support you in the preparation of high-quality financial statements.
This webinar will cover the following content:
1. Latest standards and interpretations applicable to the March 2026 year-end period
o Recent IFRIC agenda decisions [UPDATED]
o IAS 21 Lack of exchangeability
o IFRS 9 and IFRS 7 Amendments to the classification and measurement of financial instruments
o IFRS 9 and IFRS 7 Amendments relating to Contracts that reference nature-dependent electricity [NEW!]
o IFRS 18 Presentation and disclosure in financial statements [EXPANDED]
o IFRS 19 Subsidiaries without public accountability: Disclosures [UPDATED]
o Annual Improvements to IFRS Accounting Standards – Volume 11
o Revised IFRS Practice Statement 1 Management Commentary [NEW!]
o Revised Disclosures about Uncertainties in the Financial Statements using climate-related scenarios (relating to IAS 1) [NEW!]
2. Updates on topical areas for year-end reporting
o IFRS 15 Revenue disclosure pitfalls [NEW!]
o IAS 7 Cash flow statement pitfalls
o IAS 12 Income Taxes areas of audit concern [NEW!]
o Zero book value assets – high-level considerations only
o Quantification and sources of external uncertainty for year-end reporting (including climate-related matters) [UPDATED]
o IAS 29 Financial reporting in a hyperinflationary economy – high level considerations [UPDATED] (Including the amendment: IAS 21 The Effects of Changes in Foreign Exchange Rates titled Translation to a Hyperinflationary Presentation Currency [NEW!])
o Lease Modifications – lessee and lessor (including impact on short-term leases) [UPDATED]
o Interim financial reporting – Areas of consideration [NEW!]
The webinar will cover both the theory associated with the above topics as well as practical examples and model disclosures.
CPD - 4 hours