Description
Identify the recently issued amendments to International Financial Reporting Standards (IFRSr Standards) and acquire a broader overview of the International Accounting Standards Board (IASBr) work plan.
Designed For
Objectives
- Identify recently issued IFRS amendments and their implications.
- Recall selected projects within the IASB work plan.
- Identify the impact of selected projects on the IASB work plan.V350
Highlights
- Conceptual framework for financial reporting
- Classification of liabilities
- Proceeds before intended use
- Onerous contracts
- Updating a reference to the conceptual framework
- Interest rate benchmark reform
- Covid-19-related rent concessions
- Other changes to IFRS Standards