Thursday, October 5th, 2023
In an era where financial accounting plays a pivotal role across diverse industries, Shasat, a prominent educational institution, has unveiled an essential learning opportunity for professionals seeking a comprehensive understanding of the International Financial Reporting Standards (IFRS) 9. This recently launched program aims to empower individuals with in-depth knowledge about the accounting of financial instruments under IFRS 9, which came into effect on 1 January 2018.
The International Accounting Standards Board (IASB) orchestrated a significant overhaul of accounting rules for financial instruments, necessitating a profound understanding of these changes. With numerous insurance companies globally and entities in specific countries actively involved in the implementation of IFRS 9, staying informed is of utmost importance.
Furthermore, in May 2022, the IASB initiated a maintenance project to amend IFRS 9 and IFRS 7 in response to a post-implementation review. Subsequently, in October 2022, the IASB made tentative decisions to introduce additional amendments regarding the derecognition of financial liabilities through electronic cash transfers and disclosure requirements for equity investments under the fair value option.
Read More: https://prfree.org/@shasat/ifrs-9-in-flux-navigating-complexities-overcoming-implementation-hurdles-and-adapting-to-continuous-updates-lgg0ogq3pyxy