International Financial Reporting Standards Ifrs 2020

The ifrs foundation s logo and the ifrs for smes logo the iasb logo the hexagon device eifrs ias iasb ifric ifrs ifrs for smes ifrs foundation international accounting standards international financial reporting standards niif and sic are registered trade marks of the ifrs foundation further details of which are available from the ifrs.

International financial reporting standards ifrs 2020. The ifrs grants limited exemptions from the general requirement to comply with each ifrs effective at the end. The ifrs include. International financial reporting standards ifrss developed by the. Ifrs 1 first time adoption of international financial reporting standards sets out the procedures that an entity must follow when it adopts ifrs for the first time as the basis for preparing its general purpose financial statements.

International financial reporting standards ifrs are a set of international accounting standards stating how particular types of transactions. The ifrs foundation s logo and the ifrs for smes logo the iasb logo the hexagon device eifrs ias iasb ifric ifrs ifrs for smes ifrs foundation international accounting standards international financial reporting standards niif and sic are registered trade marks of the ifrs foundation further details of which are available from the ifrs. Developed with input from subject matter experts from across the region this. Singapore financial reporting standards international sfrs i s refer to singapore financial reporting standards international and sfrs i interpretations issued by the asc.

The international financial reporting standards ifrs and 2020 updates course will help build the knowledge you need in ifrs for success in today s global business world. Like you we believe those who understand and apply ifrs will enjoy expanded career opportunities as its use is spreading around the world. Amendments resulting from annual improvements to ifrs standards 2018 2020 fees in the 10 per cent test for derecognition of financial liabilities may 2020 annual periods beginning on or after 1 january 2022. Ifrs 17 insurance contracts 27 10 2020 this briefing prepared for a scrutiny session of the econ committee provides background on the international financial reporting standard ifrs 17 insurance contracts which will have a major impact on the accounting of insurance companies.

The course will allow learners the opportunity to compare the distinctions between ifrs and generally accepted accounting principles gaap and how to measure and implement the essential indicators such as international accounting standards and principles in addition to transition concerns of financial reports employing ifrs. Singapore financial reporting standards international effective for annual reporting period beginning on 1 january 2020.