The IFRS continues to change, and keeping abreast of changes will enhance the understanding of reliable and compliant reporting. The finance teams should be up to date, as there are some important changes like revenue recognition, fair value measurement, lease accounting, derivative and hedge accounting, ,and financial statement presentation. These changes are made easy by the Emerge through specialized training by certified and industry-experienced professional instructors.
Why IFRS 2025 Matters
The changes in the IFRS affect the measurement of assets, recognition of revenue, and reporting of financial statements of a company. Staying updated on events avoids misstatements, audit problems, and regulatory risks. Practical training transforms standards for day-to-day accounting activities for financial professionals.
Key Areas Of Change
- Revenue and corrections, and modifications of the contract with more evident disclosure requirements. IFRS 15
- Modifications to lease accounting and measurement of right-of-use assets.IFRS 16
- Improvement of fair-value measurement advice and impairment testing. IFRS 13
- More financial instruments and hedge accounting transparency. IFRS 9
- Financial statement presentation and disclosure. IFRS 18
The Ease of the Changes Made by Emerge
The IFRS classes taught in Emerge comprise case studies, the comparison of old and new treatments, and exam-type questions are offered to solidify the comprehension. Students can receive practical checklists and disclosure templates that could be used in reporting assignments right away.
Finance Team Action Plan
- Look through impacted accounting policies and revise manuals.
- Parallel calculations to observe the changes to the financial measures.
- Train the finance and audit team on new disclosures.
- Test internal systems and make sure that internal systems are compliant using mock reporting cycles.
- Find the requirement in the corporate taxation of the UAEto align with IFRS.
Details and Timing of the Courses
Emerge IFRS batches are provided online, susuitedo the requirements of working professionals. Normally, it covers all major standards within 30 hours, after working hours, consisting of 2.5 hours of 12 classes.
Emerge review/preparation will help students to complete the IFRS certification program by AICPA or to go for the Diploma in IFRS examination by ACCA UK.
Final Thought
IFRS Review by Emerge can assist professionals in understanding, applying it to practical settings and comply with new tax environment in UAE. It helps to get the certification from AICPA or Dip in IFRS by ACCA UK, to show case their expertise in IFRS to the competitive job market and multinational companies in UAE, India and other countries. Emerge offers the best IFRS training, which is practical and exam-oriented as a way of hands-on learning of IFRS from well qualified and industry experienced instructors.
FAQs
Q: Does IFRS have an impact on companies?
In UAE, not only public listed companies, even entities, subject to VAT and Corporate tax are supposed to comply with IFRS. Some recent changes in Revenue recognition, lease accounting, valuation of financial instrument and presentation of financial statement make it imperative to learn and adopt to their financial reporting.
Q: What is the pace at which companies have to embrace updates?
The time of adoption differs depending on the standard and jurisdiction. The companies are advised to revise as per the effective dates and implement the plan to remain compliant. For example, the recent change in IFRS 18 makes it mandatory wef 2027 with comparative figures of 2026. IFRS 18 is a major change, as it affects the presentation of financial statements
Q: Are there new or new templates of disclosures?
Yes, a number of the updates contain recommended disclosures. Training also has ready-to-use templates to ease reporting and compliance.
Q: Does the auditor require refresher training?
Definitely, to assess financial statements and report the opinion on the financial statements, auditors should learn IFRS and all necessary amendments and stay update. It is one of requirements under code of ethics to remain competent on technical standards, relevant regulations,, and applicable law.
Q: Who can do the IFRS review program?
Accounting staff at all levels working in companies, audit firmsneed to have a working knowledge of IFRS. When you move up in your career, you are required to advise management on the implications of IFRS and its amendments to the financial statements.
Q: Do you need system upgrades?
Possibly. The ERP or reporting tools may need to be updated to capture significant changes in measurements. An early evaluation assists in budgeting the expenses and scheduling.
Q: What are the available practical IFRS workshops in Dubai?
The Emerge review program is based on case studies and assignments to test their implementation skills. Industry-experienced instructors are ready to suggest solutions to the practical problems.