18th Annual IFRS Masterclass
Applying the new IFRS Standards and their impact on long-term business consequences
- 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.
Chris Hillier, Senior Manager – External Reporting, Westpac
- 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
Lisa Kelsey, Senior Project Manager, New Zealand External Reporting Board
- 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 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.
- 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