OBJECTIVE:
The content covers new and revised standards approved from July 2019 to June 2020. The topics addressed by the IFRS Discussion Group during the year will be identified with more in-depth coverage of specific items. Topics addressed where the IFRS Interpretations Committee determined improvements or clarifications were not considered necessary will be identified so participants can obtain a better understanding of the standards, including the impact of this information on judgments being made. Recent publications by the regulators are referenced so that participants are aware of and consider the implications of regulator communications.

The course updates the participants knowledge of changes to IFRS and non-authoritative guidance that has been issued by the IFRS Interpretations Committee and the IFRS Discussion Group during the year.  Minimal changes to IFRS are expected in the current year.  Awareness of these changes and knowledge of topics discussed with respect to the application of IFRS are essential to those applying IFRS. Examples, as included in the discussions, will be used to demonstrate the topics. Notices issued by the regulators will be referenced.

WHO WILL BENEFIT:
All professionals who want to be informed of the recent developments in IFRS standards, including practitioners, preparers and readers of financial statements using IFRS.

LEARNING OUTCOMES:
By the end of this course, participants will be able to:

• explain changes to IFRS during year and consider the impact on their organization,
• identify projects in process at the IASB,
• identify topics discussed by the IFRS Interpretations Committee and the IFRS Discussion Group with explanations of selected topics and consider impact on their organization, and 
• identify publications issued by the regulators during the year.

PREREQUISITE:  
An understanding of the current standards in the CPA Canada Handbook – Accounting, Part I

COURSE LEADER: KIM VAREY, CPA, CA