18th Annual IFRS Masterclass
Applying the new IFRS Standards and their impact on long-term business consequences
25 Feb 2020Crowne Plaza, Auckland
- 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
- 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
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.
- How the IASB proposals will make target improvements to the income statement
- Introducing disclosure requirements for Management Performance Measures
- 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?
- Observing the key lessons identified during IFRS15 transition
- The impact IFRS15 had on communication and business processes
- 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
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 longterm value and better decision making. Learn how Westpac have utilised integrated reporting to communicate their business strategy and performance to investors and staff, and the longterm value this created.
- 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