CECL Model: Navigating Its Complex Labyrinth Requires Continuous Adaptation and Learning
Shasat’s CECL Workshop empowers professionals with a deep understanding of the CECL model, offering practical insights and real-world examples.
The International Sustainability Standards Board (ISSB) has issued its inaugural standards—IFRS S1 and IFRS S2
The International Sustainability Standards Board (ISSB) has issued its inaugural standards—IFRS S1 and IFRS S2.
Join us for an in-depth exploration of global trends on sustainability reporting in accordance with the International Financial Reporting Standards (IFRS) S1 and S2. This masterclass training will delve into the application and implications of these standards, environmental, social, and governance (ESG) strategies, stakeholder apprehensions, and key performance metrics.
You will acquire vital tools and methodologies for creating a robust data foundation that will facilitate streamlined reporting systems. The course will also cover assurance procedures for sustainability-related disclosures in line with Task Force on Climate-related Financial Disclosures (TCFD) recommendations, and risk management strategies related to reporting.
In addition, you will gain insights into control mechanisms, governance, and strategies for effective stakeholder communication. This will be supplemented by a wealth of case studies and practical examples. Our Masterclass series on environmental, social & governance (ESG) aims to provide you with a detailed roadmap to implement ESG strategies and corresponding disclosures, ensuring compliance with disclosure requirements in line with IFRS S1 and S2.
Don’t miss out on this opportunity to enhance your knowledge on ESG strategies and their impacts, and how they are reflected in the IFRS sustainability reporting standards.
See our upcoming workshops: IFRS S1 and IFRS S2 – Transitioning to ESG Masterclass
Prioritizing ESG: Why Your Organization Needs to Upskill Now
ESG: A Strategic Imperative for Modern Businesses
In today’s evolving business landscape, Environmental, Social, and Governance (ESG) principles are no longer optional. They have become a cornerstone of competitive strategy. Stakeholders now demand transparency, accountability, and measurable impact, making ESG essential for businesses seeking to thrive in a dynamic market.
Why ESG is Reshaping Key Industries
ESG in Finance: Financial institutions are integrating ESG into their decision-making processes. This includes evaluating climate risks, addressing social concerns, and improving governance structures. By aligning with ESG principles, these institutions ensure resilience and long-term value creation.
ESG in Manufacturing and Consumer Goods: Manufacturers are under pressure to reduce environmental impact and adopt sustainable practices. Consumers increasingly prefer products that align with their values, creating both challenges and opportunities for companies in this sector.
ESG in Technology: The technology industry faces unique ESG challenges, including data privacy, diversity, and ethical AI development. Addressing these issues ensures innovation remains sustainable and socially responsible.
Shasat’s ESG Masterclass: A Practical Solution
This growing complexity has left organizations searching for effective solutions. Companies like Shasat offer ESG Masterclass programs to help businesses navigate these challenges. These programs focus on practical insights into frameworks like IFRS S1 & S2, ESRS, and the EU Taxonomy, among others. Held in cities like London, Sydney, Singapore, Cape Town, Hong Kong, Brussels, and Miami, Shasat’s Masterclasses provide tools for addressing sector-specific ESG challenges.
Key Benefits of Attending
- Understand global ESG regulations, including TCFD and ISSB standards.
- Learn best practices for sustainability reporting and trade finance.
- Explore ESG’s role in green bonds and sustainable investing.
- Gain actionable strategies tailored to your industry.
ESG: A Path to Sustainable Growth
For many companies, ESG is more than compliance—it is a driver of innovation and growth. Shasat’s ESG Masterclasses empower businesses to respond proactively to ESG demands while uncovering new opportunities. By attending, professionals gain the expertise to turn ESG challenges into strategic advantages. Whether you are new to ESG or an experienced practitioner, these programs offer insights that align with your business goals.
Be Part of the ESG Revolution
ESG is no longer a trend—it is the future. Equip your organization with the tools to succeed in this evolving landscape. Join Shasat’s ESG Masterclass today to build a sustainable, resilient, and competitive business. For more details, visit our ESG Masterclass page and secure your place. Together, let’s drive meaningful change and achieve long-term success.
IBOR Transition – A more in-depth look
A detailed research paper written by Sunil Kansal and Ganesh Melatur to probe the fundamental reasons which led to the discontinuation of #IBORs and establish new #RFRs.
https://linkedin.com/pulse/ibor-transition-more-in-depth-look-sk-kansal…
CFO Masterclass – Financial and Strategic Leadership Program
Shasat has launched its new program for the Chief Financial Officers (#CFOs) including aspiring CFOs. It has specially designed this 5-day executive program intending to equip the finance leaders with dynamic management and leadership techniques so that they can drive a change considering the strategic goals of their organisation. The financial leader in an organisation is traditionally considered as the guardian of the financial health of an entity, overseeing and implementing adequate financial control infrastructure but the world has changed and today they are also expected to participate in driving the organization toward achieving its objectives. The financial leaders are expected to build partnership across functions within an organisation and evolving from a transactional and cost efficiency focus to an increasingly value-adding strategic focus. This strategic leadership program shall help the participants to learn:
- Required strategic skills to drive the financial leadership
- How to align strategic understanding across functions.
- Strategic understanding of the finance functions/IFRS
- Five ‘Ps’ of Management and Financial strategies
- sharing strategic leadership responsibilities with the CEO
- Role of strategic planning, Negotiation and handling difficult situations
- Motivation, use of technology and change management
- Understand your style and how to transform through case studies
- Introduce a culture of Reward and Learning
- driving and managing change and innovation within the organization
Shasat has scheduled the following programs:
GID 33001-CFO Master Class – Financial and Strategic Leadership (5 Days): 11-15 May 2020 @ London
Amendments to IFRS 9 to aid implementation
The IASB has proposed targeted amendments to IFRS 9, the financial instruments Standard. These changes would allow companies to measure certain prepayable financial assets with negative compensation at amortised cost.
The IASB introduced the amendments in response to feedback from the IFRS Interpretations Committee. Their goal is to improve the usefulness of information about these financial assets, as required under IFRS 9.
According to the IASB chair, the changes directly address concerns about accounting for prepayment options. They also reflect the Board’s broader commitment to support the implementation of major new Standards.
The Exposure Draft, Prepayment Features with Negative Compensation (Proposed amendments to IFRS 9), is available online. Stakeholders can submit comments until 24 May 2017.
Source: IASB Website
Contact Us for more information.
IFRS 9: Loan loss accounting and financial stability – IFRS Foundation
International Accounting Standards Board Members Sue Lloyd, Stephen Cooper and Darrel Scott discuss IFRS 9, the financial instruments Standard that comes into force from 1 January 2018.
EFRAG submits endorsement advice on IAS 40 Amendments
EFRAG’S endorsement advice on transfers of investment property (AMENDMENTS TO IAS 40)
EFRAG has completed its due process regarding Transfers of Investment Property (Amendments to IAS 40) and has submitted its Endorsement Advice Letter to the European Commission.
In December 2016, the IASB issued Transfers of Investment Property (Amendments to IAS 40) (the ‘Amendments’) to clarify whether an entity should transfer property under construction of development to, or from, investment property when there is a change in the use of such property which is supported by evidence other than specifically listed in paragraph 57 of IAS 40 Investment Property.
The Amendments become effective for annual periods beginning on or after 1 January 2018, with earlier application permitted. EFRAG has submitted its Endorsement Advice relating to the Amendments for use in the European Union and European Economic Area. EFRAG assesses that the Amendments meet all technical endorsement criteria of the IAS Regulation and are conducive to the European public good. It therefore recommends their endorsement. EFRAG’s recommendation is explained in the letter to the European Commission and the accompanying appendices.
The Endorsement Advice Letter to the European Commission can be found here.
EFRAG has also updated its Endorsement Status Report, which can be downloaded here on EFRAG’s web page.
EFRAG Endorsement advice on IFRS 16 Leases
EFRAG Endorsement advice on IFRS 16 Leases
EFRAG has completed its due process regarding IFRS 16 Leases and has submitted its Endorsement Advice to the European Commission. IFRS 16 replaces IAS 17 Leases and associated interpretations. IFRS 16 eliminates the classification of leases as either finance or operating for lessees and requires lessees to recognise assets and liabilities for all leases, with some optional exemptions. It substantially retains the lessor accounting from IAS 17.
IFRS 16 will become effective for annual periods beginning on or after 1 January 2019, with earlier application permitted under certain conditions.
EFRAG has submitted its Endorsement Advice relating to IFRS 16 for use in the European Union and European Economic Area. EFRAG assesses that IFRS 16 meets all technical endorsement criteria of the IAS Regulation and is conducive to the European public good. It therefore recommends endorsement of IFRS 16. EFRAG’s recommendation is explained in the letter to the European Commission and the accompanying appendices.
The Endorsement Advice letter to the European Commission can be found below.
EFRAG’s Final Endorsement Advice on IFRS 16.pdf
EFRAG has also updated its Endorsement Status Report, which can be downloaded here.