IFRS Update Training Program | GID 21005 | Toronto

Friday, March 15th, 2024

IFRS Update – 2023/24 Edition

The IFRS Update Course in Toronto, Canada, aims to keep organizations and individuals informed about the latest changes in IFRS. This comprehensive program covers recently issued accounting standards, addresses comments and concerns raised by the FRC, and explores the latest discussion papers and exposure drafts from the IASB.

Our goal is to provide you with a thorough understanding of potential upcoming changes, alongside insights into new and forthcoming standards, IFRIC updates, and annual improvement projects that could impact strategic and financial reporting.

Updates and Discussions

  • New Standards and Critical Amendments: Keeping you abreast of the latest developments.
  • Review of Comments by FRC: Understanding the perspectives shared by the FRC to address any concerns or areas of improvement.
  • IASB’s Current Projects: Exploration of discussion papers and exposure drafts issued by the IASB, giving clarity on potential changes in the pipeline.
  • Updates on IFRIC: Analysis of recent updates on IFRIC and their implications for existing practices.
  • Annual Reports Considerations: Highlighting annual improvement projects and changes that might impact upcoming annual reports.
  • Matters under IASB Discussion: Significant matters being discussed at the IASB and its likely impact.
  • Industry Impact: Addressing issues raised by industry bodies and how they might influence forthcoming annual reports.
  • Project Timeline: An overview of the IASB’s project timeline, providing insights into what to expect in the next 12 months.
  • Navigating Challenges: Examining recent accounting scandals and providing guidance on navigating potential challenges in your annual reports.

Throughout the program, we provide fully updated IFRS material for reference, enriched with numerous examples and group case studies. Supplementary materials and handouts are also available to facilitate learning. Our interactive lecture sessions, complemented by problem-solving activities and case discussions, aim to reinforce understanding.

Our team of international IFRS implementation experts has designed this comprehensive IFRS update program to equip finance executives with the knowledge needed for success in today’s global reporting landscape.

Financial reporting evolves continuously, necessitating a proactive approach to staying updated. Our IFRS Update Program ensures you remain well-informed and prepared to navigate the challenges of the modern business world.


Global IFRS Update Schedule

Online | London | New York City | Zurich | Toronto | Miami | San Francisco | Sydney | Singapore | Dubai | Cape Town | Seoul | Rio de Janeiro  | Bermuda


For More Information

Please contact our customer service team for more information about our IFRS Update Program and to enroll. Our team is dedicated to providing you with excellent service and answering any questions you may have. We look forward to hearing from you and helping you take the next step in your professional development.

Instructor Bio

Our faculty members are highly qualified experts with a diverse range of specializations, including International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS), Generally Accepted Accounting Principles (USGAAP), UK GAAP, risk management strategies, valuations, mergers & acquisitions, corporate governance, ESG reporting, supply chain management, prudential regulations, and compliance matters such as Basel regulations, Solvency II, Anti-Money Laundering regulations, and more. Additionally, they have expertise in a variety of professional development programs, such as negotiation skills, presentation skills, data management, Python, Block-Chain, Digital Assets, and Becker CPA. This depth and breadth of knowledge ensure an engaging and effective learning experience for professionals and senior executives, helping to enhance knowledge retention.

Our faculty members are seasoned professionals with a wealth of experience in their respective fields. They bring a unique combination of practical knowledge and theoretical understanding to the classroom, making them well-equipped to address the challenges faced by professionals in today’s rapidly changing business environment. Their expertise and hands-on experience ensure that participants receive the most up-to-date and relevant information, which they can immediately apply to their own work. The interactive and engaging learning environment fostered by our expert instructors also helps participants retain information and improves their overall understanding of the subject matter. Whether you’re seeking to expand your knowledge, enhance your skills, or explore new career opportunities, our faculty members are equipped to provide you with the guidance and support you need to achieve your goals.


Instructor for this course

The course instructor will be one of our highly experienced faculty members.


Our Partners

Our Partners in Learning

Course Description

Session 1: Introduction to IFRS and Latest Developments

  • Overview of International Financial Reporting Standards (IFRS) and recent developments
  • Key amendments effective from 2022 and 2023
  • Update on issues discussed by the board
  • Latest developments in IFRS, including IFRIC updates, latest amendments, and discussion papers (DP)
  • Latest Exposure Drafts (ED) and changes in the pipeline
  • Implications of the changes for financial reporting
  • Amendments effective from 2022/2023
  • Amendments to IAS 16 Property, Plant and Equipment – Proceeds before Intended Use
  • Amendments to IAS 37 Provisions, Contingent Liabilities, Contingent Assets Onerous Contracts – Cost of Fulfilling a Contract
  • Annual Improvements
  • Amendments to IAS 1 Classification of Liabilities as Current
  • Amendments to IAS 1 Disclosure of Accounting Policies
  • Amendments to IAS 8 Definition of Accounting Estimates
  • Amendments to IAS 12 Deferred Tax related to Assets and Liabilities arising from a Single Transaction
  • Interest Rate Benchmark Reform, and
  • Other recently announced amendments

Session 2: Revenue Recognition and Lease Accounting

  • Overview of the latest revenue recognition standards
  • Understanding the changes to Revenue Recognition and lease accounting standards
  • Implementation challenges and best practices
  • Practical guidance on implementing the new standards

Session 3: Financial Instruments and Hedge Accounting

  • Overview of the latest financial instruments standards
  • Proposed amendments to IFRS 9, Financial Instruments and IFRS 7, Financial Instruments: Disclosures
  • Proposed amendments to IAS 32 – Financial Instruments with Characteristics of Equity
  • Understanding the new requirements for hedge accounting, including DP on portfolio hedge accounting (Macro or Dynamic Hedge Accounting)
  • Practical guidance on implementation

Session 4: Business Combinations and Consolidation

  • Overview of the latest requirements for business combinations
  • Understanding the changes to consolidation requirements
  • Practical guidance on implementation

Session 5: Accounting for Crypto/Digital Assets

  • Overview of the latest developments in accounting for crypto/digital assets
  • Understanding the challenges in accounting for crypto/digital assets
  • Practical guidance on implementation

Session 6: ESG and Sustainability Reporting

  • Overview of the latest ESG-related reporting requirements
  • Understanding the latest developments in sustainability reporting, including ESG-related disclosures
  • Practical guidance on meeting disclosure requirements

Session 7: IFRS 17 – Insurance Contracts

  • Overview of the IFRS 17 standard for insurance contracts
  • Understanding the challenges in implementing the new standard
  • Practical guidance on implementation

Session 8: FRC Findings and Key Concerns

  • Overview of the latest findings and concerns from the UK’s Financial Reporting Council (FRC)
  • Understanding the key issues and how to address them
  • Practical guidance on ensuring compliance

Session 9: Case Study and Wrap-Up

  • Applying the concepts learned in a real-world scenario
  • Recap of key takeaways from the course
  • Q&A session to address any outstanding questions


The course agenda provided herein is the proprietary intellectual property of Shasat. It is intended solely for the use of participants enrolled in the respective course. Any reproduction, distribution, or unauthorized use of this course agenda, in whole or in part, without the explicit written consent of Shasat, is strictly prohibited and may result in legal action.

All rights reserved. ©2024, Shasat

Why you must attend?

If you’re a financial professional seeking to stay ahead of the curve, there’s no better time to update your knowledge of IFRS accounting standards than now. With over 140 countries adopting the framework and ongoing revisions, staying current with IFRS is crucial for your professional development. Attending the two-day IFRS Update Workshop will provide you with comprehensive and practical training to thrive in today’s ever-evolving accounting landscape.  International Financial Reporting Standards (IFRS) are the most widely applied accounting standards globally, constantly evolving to adapt to changing market conditions. The IFRS Update Workshop is the perfect opportunity to stay informed and up-to-date with all the latest developments and trends in IFRS.

This workshop provides a comprehensive update on recent amendments, with a focus on their impact on the preparation of financial statements. Through practical examples and questions, you’ll gain the tools to apply this knowledge in your professional life.  In addition to these changes, the IFRS Update Workshop will address other critical topics, such as leases, business combinations under common control, sale and leaseback transactions, changes to IFRS 9, and ESG-related disclosures. With a world-class faculty that brings extensive experience in IFRS implementation in both European and emerging markets, this program is designed for professionals of all levels. Small class sizes ensure an immersive learning experience that maximizes interaction and ensures that learning outcomes are met.

By attending the IFRS Update Workshop, you’ll equip yourself with the knowledge and skills necessary to thrive in the current market conditions. Gain practical skills, explore IFRS templates, tools, models, and resources, and expand your career prospects. Don’t miss out on this unique opportunity to learn from world-class instructors.
Register for the IFRS Update Workshop today and take your professional development to the next level.


Teaching methodology

The training program will employ a comprehensive and engaging approach to learning, designed to deliver maximum impact and retention. The methodology includes:

  • A user-friendly slide deck that presents the concepts, methodologies, and principles in a clear and concise manner, making the material easily accessible to all attendees.
  • Interactive sessions featuring real-life case studies to provide hands-on experience and bring the material to life.
  • Explanations of concepts and methodologies through the use of examples and distinct scenarios, allow attendees to understand the material in context.
  • Group exercises designed to illustrate accounting principles, encouraging collaboration and fostering a deeper understanding of the material.
  • Discussions on GAAP (IFRS Vs US GAAP) differences, industry issues, and diversity in practices, provide attendees with a well-rounded understanding of the subject matter.
  • Access to additional course material and handouts, ensuring attendees have a comprehensive reference resource to support their learning.
  • An open and inclusive atmosphere that encourages attendees to ask questions and engage in discussion, ensuring a thorough understanding of the material.

The combination of these elements creates a dynamic and engaging learning experience that will support the professional development of all attendees.


Who should attend?

The IFRS Update Program is designed for a wide range of professionals, including:

  • Accountants and finance professionals who use and produce financial statements under IFRS, and need to stay up to date with the latest developments in accounting standards and disclosure requirements
  • Auditors who need to understand and apply the latest IFRS guidance to their audit work
  • Market research analysts who require an understanding of how financial statements are prepared and presented under IFRS, in order to conduct effective financial analysis and valuation
  • Professionals from rating agencies who use financial statements as a basis for credit ratings and need to keep up to date with the latest accounting standards and disclosure requirements
  • Regulators who require an understanding of the latest accounting standards and disclosure requirements in order to develop and enforce effective financial reporting regulations
  • Capital market watch experts who need to keep up to date with the latest developments in accounting standards and disclosure requirements in order to provide insights and recommendations to investors and other market participants.

No matter your profession, if you work in a field related to accounting, finance, or investment, the IFRS Update Program can provide you with the knowledge and skills you need to stay ahead in today’s global reporting environment.



Upon completion of the course, all delegates will receive an evaluation questionnaire aimed at gathering valuable feedback. This feedback is crucial to Shasat’s ongoing commitment to improving the quality of its learning solutions. By analyzing the trends in the responses, we are able to continuously enhance and refine our offerings to meet the evolving needs of our clients.

Venue & other info



Our training programs take place at the most prestigious professional training facilities in the city. Our venues have been meticulously chosen and expertly crafted to deliver an unparalleled and sophisticated learning experience. To further elevate your training journey, we will offer an array of refreshments including gourmet tea/coffee, delectable snacks, and a sumptuous lunch to sustain you throughout the course. Your comfort and satisfaction are of the utmost importance to us.  One week before the program begins, you will receive comprehensive joining instructions that include the exact venue details.

Please note that accommodation arrangements are the responsibility of the attendee.


Workshop Delivery (Online Programs)

The workshop will be delivered via the WebEx platform. Upon registration, all participants will receive comprehensive joining instructions for the live workshop. This fully virtual event will encompass a live-streamed presentation, personalized networking opportunities, interactive Q&A sessions, engaging polls, and post-event consultation to address specific concerns and support your continued growth.


In-Person Workshop

Please be advised that for all in-person training programs, joining instructions will be sent via email to registered participants one week prior to the program’s commencement. These instructions will provide comprehensive information regarding the venue location, date, and time, as well as other important details such as parking arrangements, dress code, and any necessary equipment or materials. Kindly ensure that you carefully review the joining instructions and follow the guidelines provided to ensure a smooth and well-organized experience during the program.


Changes to the conference

Shasat reserves the right, at its sole discretion, to make modifications to the format, speakers, participants, content, venue location, program, or any other aspect of the conference, at any time and for any reason, without incurring any liability. This policy has been implemented due to recent events such as the Covid-19 pandemic and other jurisdictional restrictions. These modifications may include but are not limited to, changes necessitated by a Force Majeure Event



We are pleased to offer sponsorship opportunities for our training programs, providing companies with a unique platform to showcase their brand and services to a highly engaged and relevant audience. By becoming a sponsor, your organization will have the opportunity to build brand awareness, demonstrate thought leadership, and cultivate valuable relationships with industry professionals. Our programs offer a platform to reach a targeted audience and generate new business leads while showcasing your expertise. The benefits of sponsorship include increased brand exposure, opportunities to connect with key decision-makers, and a platform to promote your products and services. We invite you to take advantage of this prime opportunity and partner with us to enhance your visibility and impact within the industry.


Terms and Conditions

We kindly request that you carefully review all of the terms and conditions outlined on our website. This information is critical in ensuring a clear understanding of our policies and procedures. Please follow the link provided to access this information.


About shasat

Discover more about Shasat by exploring our “About Us” page, where you can gain insights into our company’s mission, values, and history, and learn how we can help you achieve your goals.


Enroll in our program with ease by choosing from our secure online payment options. You can make a payment through our website using PayPal or Stripe, or opt for a bank transfer, demand draft, or cheque payment. Our payment page will provide all necessary options during checkout. If you encounter any issues, our customer service team is here to assist you. Simply reach out to us with your selected course, and we’ll guide you through the payment process.

We kindly request that you take into consideration any associated bank fees when making your course fee payment. To ensure your participation in the program, payment must be received before the course date. Once we have received both payment and a completed registration form, we will confirm your enrollment in the program. Thank you for your understanding and cooperation.


Group discount

Our company is proud to offer a group discount of 15% for organizations or individuals who book a course for 5 or more participants. To take advantage of this offer and receive a personalized group discount code, please reach out to our customer service desk at info@shasat.com. Our team will be delighted to assist you with the booking process and answer any questions you may have. With this group discount, you can invest in the professional development of your team and drive success for your organization. Don’t hesitate to contact us today to learn more.


CPD hours

Upon successful completion of the training course, each participant will receive a certificate of completion that attests to the number of hours spent in training and serves as a valuable representation of their dedication to professional development. The certificate is not only a symbol of their achievement but also serves as proof of continuous professional development (CPD) and demonstrates their commitment to staying current in their field. We believe that CPD is a crucial aspect of career advancement and personal growth, and are proud to provide our participants with this important document.



For further assistance, we invite you to contact our dedicated customer service team. Our experienced and knowledgeable representatives are available to answer any questions you may have and provide the support you need to make informed decisions. We are committed to ensuring that you have a positive experience and are here to help in any way we can. Please don’t hesitate to reach out to us at your convenience.

In-House Training

Enhance your team’s skills and drive success for your business with our custom In-house training program. Our tailored approach aligns with your specific business needs, offering a cost and time-efficient solution for upskilling your employees. This not only improves their productivity but also positions your company as a competitive force in the market. Transform your investment in employee development into tangible results by choosing our In-house training option. To discuss and learn more about our services, please don’t hesitate to contact our training desk. We’re ready to help you create a bespoke program that’s just right for you.



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