18th Annual IFRS Masterclass

Applying the new IFRS Standards and their impact on long-term business consequences

25 Feb 2020Crowne Plaza, Auckland
Event Details

Agenda

8:30
Registration and coffee
9.00
Opening remarks from the Chair
Richard Smyth, Deputy CFO, SKYCITY Entertainment Group
9.10
IASB Update: update on IASB projects and the Interpretations Committee
  • Examining the most recent IFRS standards and Requirements
  • Conceptual frameworks for financial reporting
  • Enhancing the understandability and timeliness of financial information
Alan Teixeira, Global Director of IFRS Research, Deloitte
Sue Lloyd, Vice Chair , IASB
10.40
Morning Break
11.00
Financial Markets Authority Address: Improving New Zealand’s financial markets
  • The key insights and initiatives FMA are adopting to strengthen the quality of New Zealand’s financial markets in the age of globalisation
  • Leveraging risk-based approaches to develop strong financial markets
  • Achieving quality financial reporting
  • FMA’s future outlook on growing capital markets Sanja Sesto, Manager – Capital Markets Disclosure, Financial Markets Authority
Sanja Sesto, Principal Advisor - Capital Markets Disclosure, Financial Markets Authority
11.30
IFRS Standards Update
  • IFRS Standards Update
  • Reflecting on the introduction of IFRS 9 Financial Statements, IFRS 15 Revenue from Contracts with Customers, and IFRS 16 Leases
  • Leveraging IFRS standards to better improve the quality and assurance of New Zealand accounting practices
James Lindsay, Technical Senior Manager - Accounting Advisory Services, BDO Auckland
12.00
Exploring the implications of adopting IFRS16 Leases
  • Implementing IFRS16 to enhance understandability and transparency in financial reports   

  • Choosing the right technology/vendor to partner with
  • Understanding and utilizing IFRS16 transition methods  
  • Impact of IFRS 16 on the business lease vs. buys decisions.
Ivan Wells, Senior Manager Systems - Insights and Automation, Westpac New Zealand Limited
Chris Hillier, Senior Manager – External Reporting, Westpac
12.30
Lunch Break
1.15
Proposals to strengthen the relevance of financial statements
  • Introduction of defined subtotals and categories in the statement of profit or loss
  • Disclosure requirements for Management Performance Measures
  • Requirements to improve aggregation and disaggregation
David Bassett, Deputy Director - Accounting Standards, New Zealand External Reporting Board
Lisa Kelsey, Senior Project Manager, New Zealand External Reporting Board
2.00
Lessons learnt from the implementation of three standards: financial instruments, revenue recognition and leases
  • Thoroughly examining the transition options – how well were they explored
  • Reviewing the transition processes and reflecting for future implementation
  • Additional disclosure: did senior management and those charged with governance appreciate the significance of the changes?
  • Are the Reduced Disclosure Regime (RDR) disclosure concessions made still fit for purpose?
Mark Hucklesby, National Technical Director, Audit, Grant Thornton
2.30
Examining the post-application of IFRS15 Monitoring the post-application efforts performed by businesses
  • Observing the key lessons identified during IFRS15 transition
  • The impact IFRS15 had on communication and business processes
Jason Stinchcombe, Audit & Technical Partner, RSM
3.00
Demonstrating integrated reporting as a leading practice
  • A look into how optimising integrated performing for long term business value
  • An in-depth understanding of how companies benefit from integrated reporting
  • Leveraging integrated reporting for better longterm business decision making
  • Integrated reporting to optimise transparency and strengthen relationships with stakeholders
Liz Prescott, Technical Director: Projects and Stakeholder Support, International Integrated Reporting Council
3.30
Afternoon break
4.00
Case Study: Optimising business performance at The Warehouse Group through Integrated Reporting

With a goal of strategic and transparent communication, integrated reporting allows businesses to convey their overall strategy and performance and show how this will lead to long-term value and better decision making. Learn how The Warehouse Group have utilised integrated reporting to communicate their business strategy and performance to investors and staff, and the long-term value this created.

Mark Yeoman, Ex CFO now COO, The Warehouse Group
4.30
Leveraging Management Reporting for long term business success and value
  • Reflecting on past business performances to foresee future growth and profitability
  • The link between integrated reporting and integrated thinking: creating value
  • Disclosing business reporting trends to better inform staff and investors
  • Leveraging integrated reporting for better long-term business decisions
Caroline Bridges, Senior Tutor - Department of Accounting and Finance, University of Auckland
5.00
Closing remarks from the Chair and networking drinks
  • Conference
  • Early bird price $1699 + GST
  • Early bird ends on 31 Jan
  • Last minute price $1799 + GST
  • 25 Feb 2020
  • 3+ Ticket price (per person)
  • Early bird price $1399 + GST
  • Early bird ends on 31 Jan
  • Last minute price $1499 + GST
  • 25 Feb 2020
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