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Description

Accounting Standards Update 2027: Identify, Apply and Evidence

Embed the year's accounting changes before you start preparing the annual financial statements

  • 1 day — 7 h
  • In-person or virtual
  • Intermediate
  • Up to 6 participants

Every financial year brings its share of changes to accounting requirements: new treatments, clarifications issued by standard setters, adjustments to the presentation of financial statements. Finance teams often discover them late, at closing, once the entries have been posted and the accounting options already taken.

This seven-hour programme reviews the changes applicable to the current financial year and how they translate concretely into the accounts. Each change is presented together with the entries concerned, the disclosures expected in the notes and the points the external auditor will focus on. Participants leave with a checklist of verifications to add to their closing file.

Learning objectives

  • Identify the accounting changes applicable to the current financial year
  • Translate these changes into journal entries and presentation options
  • Adapt the notes to the financial statements to the new disclosure requirements
  • Anticipate the effects on profit for the year and on equity
  • Organise the corresponding closing controls within the working file

What makes this programme different

Each change is illustrated with the related journal entries and the corresponding note disclosure
A closing control checklist is built and updated during the session
Effects on comparative figures and on the restatement of prior periods are covered

Programme

1Changes to measurement requirements

What changes in the accounts

  • New treatments and clarifications to existing requirements
  • Effects on non-current assets and on inventories
  • Provisions and commitments affected by the changes
  • Points to watch when changing an accounting policy

2Presentation of financial statements

Statement of financial position | income statement and notes

  • Presentation changes and the line items concerned
  • Disclosures expected in the notes and the level of detail required
  • Treatment of comparative information
  • Consistency between the notes and the management commentary
  • The case of smaller entities and the reliefs available

3Closing and evidence

Securing the file ahead of review

  • Organisation of the closing file and supporting documentation
  • Documenting the options selected and the estimates made
  • Points of focus for the external auditor
  • Interaction between accounting treatment and tax impact

Who is it for

Financial controllers · chief accountants · accounting managers · staff of audit and accounting firms and finance directors.

Prerequisites

Be involved in the preparation or review of annual financial statements

Dates & locations

36 scheduled dates between November 2026 and December 2027. Seats are confirmed in the order enquiries are received.

November 2026

December 2026

January 2027

February 2027

March 2027

April 2027

May 2027

June 2027

September 2027

October 2027

November 2027

December 2027

None of these dates suit you? We open additional sessions on request, and any programme can be run privately for your team.

Practical details

Before the programme
Online positioning questionnaire. Your development objectives are shared with the trainer, who tailors the practical case studies to your context.
Teaching methods
Theoretical input, workshops and practical case studies. Digital course materials and method sheets provided.
Assessment
Multiple-choice tests and role-play exercises. Assessment of learning at the start and end of the programme, with immediate and 60-day follow-up evaluations.
After the programme
One year of access to the e-learning platform. Self-assessment of the skills acquired and a 30-day follow-up session with your trainer.
How to register
Registration online or on the basis of a quotation.
Lead time
11 working days after confirmation of registration.
Accessibility
Accessible to people of determination. Contact our accessibility coordinator to design a suitable solution: contact@mpf-academy.ae
Start dates
Rolling intake: in addition to the scheduled sessions, this programme can start on request.