Given the ever-evolving nature of the financial markets, it is crucial to recognize the dynamic landscape. The forthcoming changes in reporting requirements are pivotal in fostering transparency, equipping investors with precise and pertinent information essential for making well-informed decisions.
In this session, Enitan Adebonojo, CFA, CPA, Head of Bespoke Analyst Team, CFRA Research, and Zach Gast, Board Member, International Accounting Standards Board, will discuss the latest industry trends and best practices, providing attendees with valuable strategic planning and tactical execution insights.
In the immediate term, they will discuss two key areas. First, explore the new disclosure requirements for Supplier Finance Arrangements, which will take effect after 01 January 2024. Second, examine the suspension of deferred tax accounting for Pillar II taxes and the accompanying disclosures for the current calendar year.
Looking ahead, they will delve into the Primary Financial Statements (PFS). They will also discuss the changes in profit and loss statement structure, disaggregation principles, and the presentation of management performance measures. Additionally, touch on the increased disclosure requirements for Business Combinations, including expected synergies and discussions on goals, targets, and internal performance metrics.