IFRS latest Update Human Capital for Training and Consulting
Program Outline
IFRS 9 Financial Instruments
- IFRS 9 was issued in 2014 and replaces IAS 39 Financial Instruments: Recognition and Measurement.
- It consists of three different parts: classification and measurement, impairment and hedge accounting.
- IFRS 15 was also issued in 2014. It replaces two Standards, IAS 18 Revenue and IAS 11 Construction Contracts.
- IFRS 15 specifies when and how much revenue a company should recognize, and the information about revenue that the company should disclose in its financial statements. It is relevant for all companies.
- IFRS 9 and IFRS 15 are effective for reporting periods starting on or after 1 January 2018.
- IFRS 16 Leases was issued in January 2016 and is effective for annual reporting periods starting on or after 1 January 2019. It replaces IAS 17 Leases and related Interpretations.
- IFRS 16 changes the accounting substantially for lessees. The new Standard eliminates a lessee's classification of leases as either operating leases or finance leases. Instead, almost all leases are 'capitalized' by recognizing a lease liability and right-of-use asset on the balance sheet. There is little change for lessors.
- IFRS 16 will increase visibility of companies' lease commitments and better reflect economic reality. The Standard will also make it easier for users of financial statements to compare companies that lease their assets with companies that borrow money to buy their assets, creating a more level playing field.
- Access the Standard and materials prepared to support implementation of IFRS 16.
This course is no longer available.
Course details
Program Outline
IFRS 9 Financial Instruments
- IFRS 9 was issued in 2014 and replaces IAS 39 Financial Instruments: Recognition and Measurement.
- It consists of three different parts: classification and measurement, impairment and hedge accounting.
- IFRS 15 was also issued in 2014. It replaces two Standards, IAS 18 Revenue and IAS 11 Construction Contracts.
- IFRS 15 specifies when and how much revenue a company should recognize, and the information about revenue that the company should disclose in its financial statements. It is relevant for all companies.
- IFRS 9 and IFRS 15 are effective for reporting periods starting on or after 1 January 2018.
- IFRS 16 Leases was issued in January 2016 and is effective for annual reporting periods starting on or after 1 January 2019. It replaces IAS 17 Leases and related Interpretations.
- IFRS 16 changes the accounting substantially for lessees. The new Standard eliminates a lessee's classification of leases as either operating leases or finance leases. Instead, almost all leases are 'capitalized' by recognizing a lease liability and right-of-use asset on the balance sheet. There is little change for lessors.
- IFRS 16 will increase visibility of companies' lease commitments and better reflect economic reality. The Standard will also make it easier for users of financial statements to compare companies that lease their assets with companies that borrow money to buy their assets, creating a more level playing field.
- Access the Standard and materials prepared to support implementation of IFRS 16.
Job roles this course is suitable for:
Account Executive , Chief Accountant , Accountant (Level 2/3) , Internal Audit ManagerAbout Human Capital for Training and Consulting
Human Capital established in 2011, as a leading provider of training and consulting services. The first of our institutes was the Human Capital Training and Consulting Institute (HCI), one of the most recognized and specialized training and consulting institutes in Kuwait. We are distinguished by the provision of high-quality professional services in administrative, commercial, educational, information systems and training services in the administrative, commercial, educational and information systems. The leadership of Human Capital HCI is in its strengths to provide Our advisory services, which adds real value to the activity of its customers to achieve their full satisfaction with these services.
See all Human Capital for Training and Consulting coursesAccounting, Finance and Banking Related Questions
Courses you can instantly connect with... Do an online course on Accounting, Finance and Banking starting now.
- Technical Report Writing Advanced Diploma Course LineAED 89Duration: Upto 2 Hours
- AED 1,588
AED 1,429Duration: Upto 80 Hours
