IFRS Update - KPMG | US IFRS, and strategies to ... with the continuously evolving International Financial Reporting Standards ... The IFRS update focuses on standards

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  • IFRS Update

    KPMG Business Academy

    12 October 2017


    Transitioning to the new


    Accounting and financial reporting

    Who should attend

    Course outline

    Understand Explore

    Accounting and financial reporting

    Key learning benefits:

    real-world challenges in

    applying IFRS, and

    strategies to overcome


    the latest developments

    in the growing worldwide

    use of IFRS


    examples on the

    implementation and

    application of IFRS


    KPMGs IFRS update is designed to keep professionals abreast

    with the continuously evolving International Financial Reporting

    Standards (IFRS). This session provides overview of the current

    IFRS landscape, updates on recent developments and

    forthcoming requirements.

    The IFRS update focuses on standards that have been

    introduced recently the new standards namely, IFRS 15

    Revenue from Contracts with Customers, IFRS 9 Financial

    Instruments and IFRS 16 Leases which will supersede the

    current respective standards and are expected to significantly

    impact most entities. Further, it covers complex accounting

    issues experienced in the recent years as well as emerging


    Course overview

    This course is highly recommended for:

    Chief accountants

    Finance directors

    Finance managers

    Financial controllers


    Financial analysts


    New developments and accounting issues faced

    Complex accounting issues we faced in 2015-2016

    Exposure drafts, projects under development and

    key updates on IFRS

    The new financial instrument standard (IFRS 9)

    Classification of financial assets

    Impairment of financial assets

    The new expected credit loss model


    Assessing significant increase in credit


    Lifetime losses versus 12-month losses

    Challenges and our experience

    Revenue from contracts with customers (IFRS 15)

    General overview

    The five step model

    Challenges and our experience

    The new lease standard (IFRS 16)

    Defining a lease contract

    Single lease accounting model for lessee

    Key impacts recognizing new assets and


    Challenges and our experience

  • IFRS Update

    12 October 2017



    Early bird (before

    12 September 2017)

    Participant fee

    US$799 US$999

    Three ways to register:


    Participants who attend all sessions will be awarded a

    KPMG certificate of attendance.


    To reserve a seat at our courses, please complete a

    registration form and pay the full fees before the due date.

    All registrations are subject to acceptance by KPMG and

    will be confirmed with you in writing.


    If, having registered and paid for a place, you are unable to

    attend the course, a substitute delegate is welcome to

    attend in your place. Fees canceled seven days or less

    before the course begins are payable in full.

    KPMG reserves the right to cancel this course, change its

    date or alter the venue, speakers or topics.



    +971 4 356 9616

    All registrations are subject to our terms and conditions which are

    available at


    . By submitting your registration you agree to be bound by the terms

    and conditions in full.

    KPMGs professional training and management development programs are licensed by the Government of Dubai's Knowledge and Human

    Development Authority.

    2017 KPMG Lower Gulf Limited and KPMG LLP, operating in the UAE, member firms of the KPMG network of independent member firms

    affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved. The KPMG name and logo are registered

    trademarks or trademarks of KPMG International.

    Accounting and financial reporting

    Yusuf Hassan

    Partner I AAS

    KPMG in the Lower Gulf

    Yusuf Hassan heads our Accounting Advisory Services (AAS) function in the UAE and Oman. Yusuf also heads

    the technical department of KPMGs Middle East and South Asia (MESA) region, spanning 17 Asian countries.

    Yusuf is also KPMGs permanent representative at the Abu Dhabi Technical Forum, the Abu Dhabi

    Accountability Authority's technical committee in the UAE.

    Yusuf has represented KPMG at many accounting seminars regionally, including the World Accounting

    Summit, CPA Australia Dubai events, CA Sri Lanka events in Qatar, and at various ICAI and ICAP chapters in

    Dubai, Jeddah and Riyadh.

    Yusuf won the ICAEW award for excellence in training and development of finance professionals in 2013.

    Meet your course leader

    Customized training


    To create a more tailored learning experience, you may want to run this course in-house. Please contact:

    Saravanan Selvan E: sselvan@kpmg.comT: +971 4 356 9616



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