Session agenda

The IFRS full day event is divided into two half day virtual sessions: simply select the preferred date options for session one and session two when registering.

This update will cover the following topics:

Session One:

Common pitfalls in financial statements presentation and disclosures

This session provides a focused overview of the most frequent pitfalls encountered in the presentation and disclosure of financial statements, with a particular emphasis on the latest IFRS requirements, including IFRS 18. Key topics include:

• Enhancing communication in financial reporting and addressing ineffective disclosures.
• Recent amendments to IAS 1, IAS 7, IFRS 7, and IFRS 8, with practical insights into materiality, accounting policy disclosures, and segmental reporting.
• Common errors in the classification and presentation of expenses (by nature vs by function), including the impact of IFRS 18.
• Guidance on the disclosure of significant judgements, estimation uncertainties, and credit risk.
• Real-world examples and extracts from recently published annual financial statements to illustrate best practice and regulatory expectations.

Attendees will gain practical knowledge to improve compliance, avoid common mistakes, and ensure disclosures are both relevant, entity-specific, and useful for investors and other users of the financial statements.

Session two:

• Update from IASB and adoption of S1 and S2 progress report
• Professional skill: Understanding conflict in the workplace and how to de-escalate aggressive behaviour  and conduct performance coaching effectively