IFRS Update Conference - "A New Era in Financial Reporting" On 10 December 2024, we hosted our first joint conference of the year with the Ministry of Finance of the Republic of Azerbaijan at the Baku Convention Center. The IFRS Update Conference featured industry expert Robert Moulin, who shared valuable insights into the latest developments in International Financial Reporting Standards (IFRS). Key topics included updates to IFRS 18, focusing on enhancing revenue recognition for greater clarity and consistency, and the introduction of IFRS S1 and S2, which provide guidelines for sustainability-related and climate-related financial disclosures. The conference also explored practical strategies for implementing these standards, insights into future IFRS trends, and real-world case studies showcasing best practices. Attended by around 100 distinguished guests from leading public and private organisations in Azerbaijan, along with our valued members, the event began with opening remarks from Deputy Minister of Finance, Mr Azer Bayramov. The discussions highlighted the importance of staying current with IFRS updates to ensure accurate and transparent financial reporting, with the day enriched by insightful sessions and valuable networking opportunities. ACCA #IFRS #Sustainability #IFRSS1 #IFRSS2
ACCA Türkiye, Azerbaijan and Georgia’s Post
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The International Accounting Standards Board (IASB) issued IFRS 18, which introduces significant updates to the structure and classification of financial information. Effective for annual reporting periods starting on or after 1 January 2027, the standard requires retrospective application, with early adoption permitted. Our concise report highlights the key changes, new disclosure requirements, and practical guidance to help organisations prepare. Access the full report here: https://lnkd.in/g-hcUuxr or connect with our IFRS experts for tailored support here: https://lnkd.in/gQF5DNvt #Finance #Accounting #IFRS18 #Standards #GTKSAInsights #KSA #SaudiArabia #IASB
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IFRS promotes consistency and comparability in financial reporting across countries, industries, and organizations. Our course content is based on ACCA guidelines. #meritphase #onlinecertification #trainingprogram #AssistantAccountant #FinanceAssistant #FinanceManager #AccountingManager #BankingandFinance #saudiarabia #Oman #meritphase #ifrs https://lnkd.in/dGuA5MPp
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Exciting times ahead for the accounting profession with the introduction of IFRS 18.
The International Accounting Standards Board (IASB) issued IFRS 18, which introduces significant updates to the structure and classification of financial information. Effective for annual reporting periods starting on or after 1 January 2027, the standard requires retrospective application, with early adoption permitted. Our concise report highlights the key changes, new disclosure requirements, and practical guidance to help organisations prepare. Access the full report here: https://lnkd.in/g-hcUuxr or connect with our IFRS experts for tailored support here: https://lnkd.in/gQF5DNvt #Finance #Accounting #IFRS18 #Standards #GTKSAInsights #KSA #SaudiArabia #IASB
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IFRS promotes consistency and comparability in financial reporting across countries, industries, and organizations. Our course content is based on ACCA guidelines. #meritphase #onlinecertification #trainingprogram #AssistantAccountant #FinanceAssistant #FinanceManager #AccountingManager #BankingandFinance #saudiarabia #Oman #meritphase #ifrs https://lnkd.in/dGuA5MPp
IFRS (International Financial Reporting Standard)
docs.google.com
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I take pleasure in inviting you to attend our IFRS (International Financial Reporting Standards) certification training program. The IFRS Certification Training Program, in collaboration with the Association of Chartered Certified Accountants (ACCA,UK) If you're interested👇 https://lnkd.in/d9WpStaQ #onlinecertification #trainingprogram #AssistantAccountant #FinanceAssistant #FinanceManager #AccountingManager #BankingandFinance #saudiarabia #Oman #meritphase #ifrs
IFRS (International Financial Reporting Standard)
docs.google.com
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📢 Calling European preparers and users! EFRAG is launching two online surveys to seek preparers' (subsidiaries and parent entities) and users' views on the voluntary application of IFRS 19 Subsidiaries without Public Accountability: Disclosures which allows eligible subsidiaries to prepare reduced disclosures under IFRS 19. 🔍 Why participate? Your feedback is critical in supporting EFRAG’s cost-benefit assessment of IFRS 19 and to ensure that the reduced disclosures under IFRS 19 are suitable and effective for use in the European context. Take the survey by 28 February 2025▶️ https://lnkd.in/dHny_uhm 💡 For more insights, watch the recording of the EFRAG & International Accounting Standards Board (IASB) Educational Session on IFRS 19 Subsidiaries without Public Accountability: Disclosures held on 2 December 2024: https://lnkd.in/dqVPDxp3 #IFRS19 #EFRAG #EuropeanFinancialReporting #Survey #Accounting #FinancialReporting #EUEndorsement #IASB
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IFRS 18 endorsement process in Europe is on a good way. We are on time even for early application in Europe! EFRAG’s preliminary conclusion is that IFRS 18 satisfies the criteria for endorsement for use in the EU, and therefore recommends IFRS 18 for its endorsement. After consultation, EFRAG plans to submit the Final endorsement advice to the EC end of April/beg of May 2025. Publication in the official journal expected before the end of 2025. #IFRS18 #IFRS #PFS #EFRAG
📝Comment now on EFRAG's Draft Endorsement Advice on IFRS 18 Presentation and Disclosure in Financial Statements EFRAG invites its constituents to provide feedback on all aspects of its analysis supporting the preliminary conclusions by 26 March 2025. EFRAG’s preliminary conclusion is that IFRS 18 satisfies the criteria for endorsement for use in the EU, and therefore recommends IFRS 18 for its endorsement. Read more ▶️https://lnkd.in/ePFK_VeP #FinancialReporting #IFRS18 #FinancialStatements #EFRAG IFRS Foundation
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📝Comment now on EFRAG's Draft Endorsement Advice on IFRS 18 Presentation and Disclosure in Financial Statements EFRAG invites its constituents to provide feedback on all aspects of its analysis supporting the preliminary conclusions by 26 March 2025. EFRAG’s preliminary conclusion is that IFRS 18 satisfies the criteria for endorsement for use in the EU, and therefore recommends IFRS 18 for its endorsement. Read more ▶️https://lnkd.in/ePFK_VeP #FinancialReporting #IFRS18 #FinancialStatements #EFRAG IFRS Foundation
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Feedback is needed that the reduced disclosure standard becomes endorsed in Europe. It is a voluntary standard developed on the request of preparers for a cost relief. Are European preparers interested to benefit from it? Do users consider still to receive the relevant information? #EFRAG #IFRS #IFRS19
📢 Calling European preparers and users! EFRAG is launching two online surveys to seek preparers' (subsidiaries and parent entities) and users' views on the voluntary application of IFRS 19 Subsidiaries without Public Accountability: Disclosures which allows eligible subsidiaries to prepare reduced disclosures under IFRS 19. 🔍 Why participate? Your feedback is critical in supporting EFRAG’s cost-benefit assessment of IFRS 19 and to ensure that the reduced disclosures under IFRS 19 are suitable and effective for use in the European context. Take the survey by 28 February 2025▶️ https://lnkd.in/dHny_uhm 💡 For more insights, watch the recording of the EFRAG & International Accounting Standards Board (IASB) Educational Session on IFRS 19 Subsidiaries without Public Accountability: Disclosures held on 2 December 2024: https://lnkd.in/dqVPDxp3 #IFRS19 #EFRAG #EuropeanFinancialReporting #Survey #Accounting #FinancialReporting #EUEndorsement #IASB
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Are you ready ?
Join the IFRS Foundation Conference to hear more about the forthcoming Accounting Standard IFRS 18 Presentation and Disclosure in Financial Statements. The conference will take place on Monday 24 - Tuesday 25 June 2024 at the Leonardo Royal Hotel London, Tower Bridge. There will be a plenary session with panel discussion to introduce the key requirements in IFRS 18. The session will be led by IASB Member Nick Anderson and IASB Technical staff Aida Vatrenjak and Roanne Hasegawa. We will also host a deep-dive interactive session where participants can ask questions on IFRS 18 as they begin their implementation journey. The session will be led by IASB Member Nick Anderson and IASB Technical staff Aida Vatrenjak, Roanne Hasegawa, Nick Barlow and Juliane-Rebecca Upmeier. 🔔 Registration is now open for in-person and virtual attendance! Don’t miss the early bird discount, which is available until 19 April 2024: https://lnkd.in/gQjRfnrc #IFRSConference24 #IASB #IFRSAccounting #FinancialReporting #FinancialStatements #Investors #IASBinvestors #IFRS18
