IFRS Updates 2026 Digital and AI Transformation - Masterclass
23rd - 24th February 2026
Online - Live
Meet Our Trainer
Hentie Van Wyk
Mr. Hentie Van Wyk is a Chartered Accountant (SA) and holds a PhD in Public Sector Management, with professional experience at KPMG, where he served as an Audit Manager. He is currently Programme Director for Accounting Education at the University of the Free State (South Africa). His leadership roles include Vice President of the International Association of Accounting Education and Research, President of the South African Accounting Association, Treasurer of Cricket South Africa (2005–2010), and multiple board and executive positions within the South African Institute of Chartered Accountants, including service on its Academic Review Committee. He has also served as President and Board Member of the Free State Society of Chartered Accountants and held senior governance roles in education and sport administration.
Learning Outcomes Key Topic
- The course focuses on all the new developments in IFRS Accounting Standards, issued by the International Accounting Standards Board (IASB) whilst also refreshing the principles of the existing Accounting Standards.
- The application of IFRS Accounting standards has become digital and even more so with the development of the IFRS Taxonomy. Artificial Intelligence (AI) is here to stay. The course include examples and applications of how AI can be applied in financial reporting.
- Understanding the principles of the new conceptional framework will give candidates a better insight to future developments of IFRS Accounting Standards and of changes to IFRS Accounting Standards in the pipeline.
- The course will also focus on the new IFRS 18 Presentation and Disclosure in Financial Statements (replacing IAS 1) and will also deal with the consequential changes to IAS 7 Statement of Cash Flows, IAS 8 Basis of Preparation and IAS 33 Earnings per Share. The new disclosures of Management-defined performance measures will also be discussed.
- The practical implications of the new criteria for recognising a provision in terms of the new exposure draft on IAS 37 Provisions, Contingent liabilities and contingent assets will also be discussed.
- The New International Sustainability Standards Board’s (ISSB) sustainability standards, IFRS S1 General Disclosure of Sustainability Risks and Opportunities and IFRS S2 Climate Change Disclosures will also be introduced.
- The new revised Integrated Report will also be covered.
- Other new IFRS Accounting Standards, IFRS 9 Financial Instruments, IFRS 13 Fair Value Measurement, FRS 15 Revenue, IFRS 16 Leases, IFRS 17 Insurance and IFRS 19 Subsidiaries without public accountability.
- The new proposed changes to the IFRS for SME’s Accounting Standard will also be introduced.
- Candidates will gain benefit from the numerous practical examples and illustrations. You can’t teach accounting without examples. The practical examples make this training event unique and distinguish it from the other IFRS courses.
- Being educated by one of the most experienced IFRS-specialists in the world.
Reason To Attend This Training
- Attendees will gain several benefits from the course:
- Refreshes the principles of existing Accounting Standards while focusing on all new developments in IFRS Accounting Standards.
- Provides a better understanding of the principles of the new conceptual framework.
- Gives insight into future developments and changes to IFRS Accounting Standards that are in the pipeline.
- Includes examples and applications of how AI can be applied in financial reporting, recognizing that AI is here to stay.
- Offers benefit from numerous practical examples and illustrations, which distinguish this training from other IFRS courses.
- Provides education from one of the most experienced IFRS-specialists in the world.
Course Details
Day 1
Framework
- - New conceptual framework for financial reporting (With AI application)
- - IFRS 13 Fair value measurement (With AI application)
- - Presentation and disclosure
- - IFRS 18 (replacing IAS 1 Presentation and disclosure in financial statements and consequential changes to IAS 7 Statement Cash Flows and IAS 8 Basis of preparation) (With AI application) (With AI application)
- - IR Integrated reporting (Revised 2021)
- - IFRS 5 Non-current assets held for sale and discontinued operations
Revenue
- - IFRS 15 Revenue from contracts with customers (With AI application)
IFRS Taxonomy and Artificial Intelligence
- - IFRS Taxonomy
- - IFRS taxonomy and the use of XBRL
- - XBRL and its benefits
- - XBRL vs Artificial intelligence( (AI)
- - Artificial intelligence: background, benefits and risks
- - Artificial Intelligence and IFRS
- - Applications (like ChatGPT, ChatOpen, Chatbot etc)
Expense related
- - IAS 21 Foreign exchange (Including IFRIC 22)
- - IAS 36 Impairment of assets
Day 2
Assets
- - IAS 2 Inventory (With AI application)
- - IAS 16 Property, plant and equipment (With AI application)
- - IAS 38 Intangible assets (Including SIC 32: Website costs)
- - IAS 40 Investment property (With AI application)
- - IFRS 16 Right-of-use asset (Lessee)
- - IFRS 9 Financial Assets
- Â -Cost/Amortised cost
- - FV through P/L
- - FV t OCI (Mandatory)
- - FV t OCI (Elected)
Liabilities and equity
- - IAS 32 Equity instrumentsØ IFRS 9 Financial liabilities (Including IFRIC 19)
- - IFRS 16 Lease liabilities
- - IAS 37 Provisions and contingencies (Included exposure draft on targeted amendments) IAS 10 Events after reporting date, IFRIC 21 Levies (now included in exposure draft on targeted amendments of IAS 37), IFRIC 1 andIFRIC 5 Decommissioning liabilities and Funds
- - IFRIC 17 Distributions of non-cash dividends
Group statements and consolidations
- - Overview
- - IFRS 19 Subsidiaries without public accountability
- - Other
- - 10 mayor differences between IFRS andUS GAAP
- - Closure
Course Fee
Get In Touch
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- Branch Office: Office # 209, 2nd floor, Noor Trade Center, Gulshan Iqbal Block 13 - A, Karachi, Pakistan
- +92-301-2938376
- training@indulead.com
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