IFRS Standards Updates 2021-2022 Masterclass (24 CPD hours) - Dupleix ...
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Dupleix Institute is the leading accredited organisation specialising in the delivery of
customised, research-based and inspiring training programs for financial institutions
and governments in Africa. The practical training programs offered by the Institute
assist clients to address real world challenges and position themselves for the future.
IFRS Standards Updates 2021-2022 Masterclass (24 CPD hours)
An all-encompassing educational and developmental experience for accountants
FNB Learning & Conference Centre, Sandton, Johannesburg / Live streaming
25 – 27 January 2021 & 22 – 24 November 2021
This workshop will be facilitated by an IFRS expert who has been involved in IFRS standards
implementation. Delegates will be exposed to “hands-on” learning through comprehensive case
studies
www.dupleixinstitute.com
OVERVIEW
This 3-day IFRS Standards Update and Application Briefing is designed for experienced preparers and users of IFRS financial
statements. It has 3 main objectives:
Clarify the impact of Covid-19 on accounting, presentation and disclosure in IFRS financial statements for 2020;
Share recent practical experience of implementing IFRS 16 Leases & IFRS 15 Revenue;
Review amendments to IFRSs applicable for 2020 and later; and
Consider the implementation of IFRS 17 on insurance contracts.
The comprehensive course materials also deal with outstanding Exposure Drafts.
WHO SHOULD ATTEND?
Audit Committee members and directors of companies;
Accountants in finance and reporting teams that prepare IFRS financial statements;
External and internal auditors;
Financial and credit analysts who review financial statements;
Insurance professionals wishing to learn about the critical technical differences between the accounting and reporting
requirements of existing IFRS 4 (and industry practice) and IFRS 17; and
Analysts, actuaries, auditors and finance professionals who wish to gain a working knowledge of IFRS 17.
LEARNING OUTCOMES AND BENEFITS
In just 3 days delegates will be able to learn the following:
How Covid-19 affects IFRSs relevant to your organisation;
Draft disclosures to reflect your organisation’s specific circumstances;
Learn from recent real-world examples of best practice in presentation and disclosure;
Plan ahead for future changes;
Minimize the learning curve for getting up to speed on IFRS 17; and
Appreciate the major technical differences between the existing IFRS 4 and IFRS 17 requirements.
+27 87 985 0446 sheila@dupleixinstitute.com
COURSE OUTLINE
Day One Day Two (continued)
1. Impact of coronavirus on IFRS accounting in 2020 5. Review of grey areas in IFRS standards
• Going concern assessment and material • Asset standards
uncertainties • Liabilities standards
• Disclosure of significant judgements and critical • Technical standards
accounting estimates • Group reporting standards
• Presentation (IAS 1)
• Impairment of non-financial assets - (IAS 36) Case studies on latest IFRS standards insights with
• Leases – amendment re lease concessions (IFRS 16) illustrative disclosures
• Financial instruments – expected credit losses, Day Three (Focus on IFRS 17)
contract modifications, classification (IFRS 9)
• Government grants and assistance (IAS 20) 6. Scope and definitions
• Income taxes (IAS 12) • IFRS 17 scope exclusions
• Revenue from contracts with customers (IFRS 15) • Identifying insurance contracts and insurance
risk
Group exercises on illustrative disclosures affected by • Unbundling non-insurance elements contained
Covid-19. within contracts with customers
2. Recent practical experience of implementing Standards 7. Determining the unit of account – aggregation and
• IFRS 9 Financial Instruments implementation groups of contracts
• IFRS 15 Revenue implementation • Portfolios
• IFRS 16 Leases implementation • Time related cohorts
• Groups of contracts – the unit of account
Case studies on the implementation of the 3 big IFRS
standards above. 8. IFRS 17 Accounting Models
• Outline of the accounting models available
• A simple numerical introduction to the general
Day Two
model
• Explanation and illustration of the “building
3. Overview of other amendments to Standards and
blocks” approach
current Exposure Drafts
• Definition of Material (IAS 1 and 8) 9. Transitional rules
• Definition of a Business (IFRS 3) • Explanation and illustration of the three IFRS 17
• General Presentation and Disclosures (ED/2019/7) approaches:
➢ Fully retrospective
Illustrative disclosures based on amendments to ➢ Modified retrospective
standards ➢ Fair value
• Transition disclosures
4. Update on IASB Work Plan – maintenance and
standard-setting projects 10. IFRS 17 presentation and disclosure
• Update on IASB Work Plan – maintenance and • Presentation in the primary financial
standard-setting projects statements
• Update on convergence efforts with US GAAP • A detailed review of the disclosure regime
applied by IFRS 17
• Identification new data requirements to comply
Cases studies on implementation of IFRS 17PROGRAMME DIRECTOR
Themba Mazibuko is the President and CEO of Dupleix Institute and Dupleix Consulting. He is a
highly sought-after IFRS consultant, trainer and inspirational speaker with more than 23 years
financial services experience gained in South Africa and at least 13 countries in Africa. He is a
Chartered Accountant (South Africa), an FRM (Financial Risk Management) holder, MBA holder
and a member of the CFA Institute based in America. He has also delivered over 600 talks and
training workshops over 10 years to a number of financial institutions on risk management,
financial management, balance sheet management, asset-liability management and compliance
topics. Themba is an expert on financial risk management and capital management. He has
consulted for a number of large financial institutions in at least 10 African countries assisting
them to implement Basel II/Basel, IFRS 9 and IFRS 17 projects. He worked for 12 years for KPMG
and 5 years for Barclays Africa where he was Treasurer for Barclays Africa Retail and Business
Bank
Dupleix Institute can also organise customised, in-house training interventions in line with your organisation
strategy & training plan. Contact Farisai on sheila@dupleixinstitute.com or +27 87 985 0446
UPCOMING TRAININGS
1. Business Continuity Planning & IT Disaster Recovery Masterclass - 22 – 24 February 2021
2. Excel for Financial Services professionals: Introduction to VBA - 8 – 9 March 2021
3. School of Bank Risk Management – 15 – 17 March 2021
4. Strategic Asset & Liability Management in Uncertain Times (ALM) Masterclass – 24 – 26 March 2021
5. Strategic Governance, Risk and Compliance (GRC) Masterclass – 19 – 21 April 2021
6. Credit Portfolio Management in a Downturn NPL Management Masterclass – 28 – 30 April 2021
7. Liquidity Risk Management & funds Transfer Management Masterclass – 17 – 19 May 2021
8. Financial Modelling & Valuation for Investment Banking & Corporate Finance Professionals- 24 – 26 May
2021
9. Risk-based AML & CTF Masterclass – 21 – 23 June 2021
10. Project Finance Masterclass – 28 – 30 June 2021
11. Advanced Stress Testing, Capital planning & ICAAP Masterclass – 19 – 21 July 2021
12. Basel III and IV Masterclass – 26 – 28 July 2021
13. Mastering Strategy Execution (Using Balance Scorecard) Masterclass – 16 – 18 August 2021
14. School of Bank Risk Management – 23 -25 August 2021
15. Excel for Financial Services professionals: Introduction to VBA – 13 – 15 September 2021
16. Effective Budgeting, Cost Control and Forecasting Masterclass – 20 – 22 September 2021
17. Strategic Asset & Liability Management in Uncertain Times (ALM) Masterclass – 27 – 29 September 2021
18. Credit Portfolio Management in a Downturn NPL Management Masterclass – 18 – 20 October 2021
19. Compliance Professionals Development Masterclass – 25 – 27 October 2021
20. Financial Modelling & Valuation for Investment Banking & Corporate Finance Professionals- 15 – 17 Nov
2021
21. IFRS standards update for 2021/2022 – 22 – 24 November 2021
22. Bank Directors Development Masterclass – 1 – 3 December 2021REGISTRATION FORM – IFRS Standards Updates 2020 - 21 Masterclass
Investment: R10 999 Excl VAT (Online course fees)
R13 999 Excl VAT (Course fees with no accommodation)
R21 999 Excl VAT (All inclusive fees including accommodation, food,
airport-transfers and costs of the Johannesburg/ Soweto Trip)
Tel: +27 87 985 0446 E-mail: sheila@dupleixinstitute.com
AUTHORISING PERSON:
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Company: Designation:
Postal Address Phone:
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Signature: Date:
By completing and signing this form, the authorising signatory accepts the terms and conditions stated on this form
DELEGATE INFORMATION
Please provide information as you wish it to appear on your name badge (s) and your certificate of attendance.
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TERMS AND CONDITIONS PAYMENT DETAILS
Delegate substitution Make payment to:
Delegates can be substituted at any time at no extra cost. Please inform us of the
new name(s) for registration. You may transfer at no extra charge to another
Dupleix Institute (Pty) Ltd
event, provided you do so in writing at least 10 working days before the event. First National Bank
Transfers within the 10 working days will be charged an administration fee of Account number 62410185880
10%. Sandton City Branch code,
Branch number/Sort Code 250655
Cancellations Swift code FIRNZAJJXXX
14 days prior to the course, 75% of the registration fee is refundable, 13 to 6 days
prior to the course, 50% is refundable. Within 5 days of the course, 25% is Please note that payment is required in
refundable. NO REFUNDS FOR NO SHOWS. full before the workshop date.
In the event of unforeseen circumstances, Dupleix Institute reserves the right to
change the workshop content, the speakers, the venue or the date. You will be
notified no less than 5 working days prior to any event. Should the event be
postponed, you will have the option to attend the next available date of the
relevant event. The registration fee will be credited on the delegate accounts
should they opt not to attend the next available date of the relevant event or in
the case where an event is cancelled.You can also read
