The discourse of accountancy practice is at the forefront of financial reporting where informed decisions about accessing capital and funds are of importance to providers of finance and users of financial reports. From granular activities of automating bookkeeping processes to strategic endeavours on double materiality around how financial to non-financial activities of corporations affect the global communities and how the global communities affect corporations’ bottom line, accounting practices have evolved to heights one could hardly have imagined over a decade ago. Charting the course towards achieving sustainable financial reporting processes, enhancing sustainable financing, and fostering a unified financial reporting that meets global best practices; as well as leveraging innovative financial mechanisms and partnerships to support users of the financial reports and key capital market players in making informed economic decisions, accounting practices have become more important to efforts for exploring the transformative opportunities in actualizing sustainable financial reports whilst navigating the inherent risks in climate change, innovation and digital asset concerns.

The 2024 MCPD for the accountancy practice sector is designed to equip participants with the requisite knowledge of key evolving issues and develop workable solutions.

The following topics shall be taken during the seminar:

1. IFRS Sustainability Disclosures Using IFRS S1 and S2

2. Accounting for Cloud Computing Costs and Arrangements

3. IFRS 7: Common Pitfalls in Financial Instruments Disclosures

4. Presentation of Financial Statements:  Reclassification and Restatement Issues