On Demand CPD - IFRS Update - 2025

Presenter

Chantal Sofiadellis
Associate Director

View Presenter Profile here

CPD hours:  2.5

Course outline

IFRS sees exciting new changes affecting presentation and disclosure in the financial statements. Many of the new changes will affect entities in one way or another, whether your entity is a sole proprietor or you are part of a major group consolidation.

This session explores some of the significant changes that entities should be aware of. We explore changes that are already effective, those lurking in the near future and those that are on the horizon.

Content

The areas we will be covering in the session are:

1.     Amendments and annual improvements effective 1 January 2026

• Contracts referencing nature-dependent electricity - IFRS 7 & 9
• Amendments to the classification and measurement of financial instruments - IFRS 7 & 9
• Annual improvements to IFRS Accounting Standards – volume 11 - IFRS 1, 7, 9, 10 & IAS 7

2.     New standards effective 1 January 2027

• IFRS 18 Primary financial statements
• IFRS 19 Subsidiaries without public accountability: disclosure

3.     Other amendments effective 1 January 2027

• Amendments to IAS 21 Translation to a Hyperinflationary Presentation Currency – effective 1 January 2027
• Disclosures about Uncertainties in the Financial Statements – no effective date required

4.     Other exciting developments to take note of

• Open consultations
• Tentative agenda decisions

Important to note:

• The course is open for 12 months and will then close.
• Certificates will be issued on the date of successful completion of the assessment.