IFRS 19 - Subsidiaries without Public Accountability
IFRS 19 - Subsidiaries without Public Accountability
About This Course
IFRS 19 is a relatively new addition to the IFRS suite, created to simplify financial reporting for certain subsidiaries. Many companies that are part of larger corporate groups often struggle with the complexity of full IFRS disclosures, especially when their financial statements are not used by the public. IFRS 19 addresses this by offering a reduced set of disclosure requirements—without compromising the consistency of recognition and measurement principles.
This course is designed to help you understand how IFRS 19 fits into the broader IFRS framework and why it matters for entities with no public accountability. You will explore the conditions that must be met to use this standard and learn how to apply the disclosure requirements in practice.
Through clear reading modules, a practical video session, and a short quiz, this course aims to make IFRS 19 easier to understand and apply. Whether you are a student or a working accountant, you’ll gain relevant and usable knowledge.
What You Will Learn
- Identify the eligibility conditions a subsidiary must meet to apply IFRS 19, including the absence of public accountability and the requirement for its parent to prepare full IFRS consolidated financial statements, and recall how IFRS 19 affects the disclosure requirements of the subsidiary without changing its recognition and measurement obligations.
- Recall the steps involved in first-time application of IFRS 19, including the role of IFRS 1 where applicable, the requirement for consistent application across all reporting periods presented, and the distinction between disclosures that are required and those that may be omitted or reduced.
- Identify the practical challenges associated with adopting IFRS 19, including the determination of public accountability in edge cases, system readiness considerations, and group-level coordination requirements, and distinguish between the benefits of reduced disclosure workload and the limitations on eligibility and stakeholder expectations.
Who This Course Is For
- Financial accountants and reporting professionals
- Auditors reviewing IFRS financial statements
- Controllers responsible for reporting compliance
- Qualified accountants keeping technical knowledge current
Prerequisites
- Basic understanding of financial reporting/IFRS principles
Frequently Asked Questions
Course Details
Pricing
Invest in your professional development with flexible payment options.
Everything included in your subscription:
Ready to Start Learning?
Join thousands of finance professionals who have advanced their careers with Learnsignal CPD courses.
Enrol Now