On July 2nd, the second session of the Public Welfare Lecture on Accounting Standards, hosted by the China Accounting Society and its Specialized Committee on Accounting Standards for Business Enterprises, and co-organized by the Business School and the Institute of Certified Public Accountants at Beijing Technology and Business University (BTBU), was successfully held in the conference room on the second floor of the Comprehensive Building at the Fucheng Road campus. The lecture invited Lu Jianqiao, a member of the International Accounting Standards Board (IASB), to share on the theme. Professor Mao Xinshu, a member of the Party Committee and Vice President of BTBU, Professor Wang Bin from the accounting discipline, Professor He Yu Run, Dean of the Business School, Professor Zhang Weihua, Deputy Director of the Financial Planning Department, Professor Xu Xiaofang, Associate Dean of the Business School, and over fifty experts, scholars, and master and doctoral students from universities such as Tsinghua University, Central University of Finance and Economics, Beijing National Accounting Institute, and BTBU attended and discussed. The Public Welfare Lecture was chaired by Professor Wang Pengcheng, the director of the Specialized Committee on Accounting Standards for Business Enterprises under the China Accounting Society and the Business School at BTBU.

Lu Jianqiao focused on the "Latest Developments and Future Prospects of International Financial Reporting Standards (IFRS)" for his theme sharing. He first briefly introduced the International Financial Reporting Standards Foundation and the main work of the IASB, and provided a detailed explanation of the IASB's latest work plans and the progress of major projects. This included four published exposure drafts such as "Business Combinations—Disclosure, Goodwill, and Impairment," and seven upcoming exposure drafts such as "Climate-related and Other Emergent Uncertainties in the Financial Statements." Concurrently, Lu Jianqiao highlighted projects related to the presentation and disclosure in IFRS 18, disclosures for non-public entity subsidiaries in IFRS 19, intangible assets projects, cash flow statements, and related items projects.

In conclusion, Lu Jianqiao provided insights into the development of international financial reporting standards, suggesting that in addition to accelerating the completion of current standard projects, it is necessary to initiate and actively and prudently advance two major standard projects on intangible assets and cash flow statements and related items. He also emphasized the maintenance project for one standard on climate-related and other uncertainties in the financial statements; two reserve projects on pollutant pricing mechanisms and operating segment projects. Additionally, he stressed the need to promote and strengthen the connectivity between financial statement information and sustainable information disclosure, complete the third edition of IFRS for small and medium-sized entities, update relevant educational materials, and promote the application of this standard. In the future, the core mission of international financial reporting standards will be how to continue to maintain and enhance the relevance of financial statements and general-purpose financial reporting information.

Experts at the meeting engaged in a lively discussion on hot topics of existing accounting standards, providing beneficial perspectives for accounting academic research through dialogue and exchange between theory and practice.

In addition to on-campus participation, the Public Welfare Lecture was live-streamed nationwide to teachers, students, and practitioners through the Xueshuo platform. The live broadcast reached a cumulative viewership of 58,000 people, with some universities and enterprises organizing group viewings. The lecture greatly benefited the attendees. The Business School has long focused on the forefront, with academic research closely linked to practice. The successful holding of this Public Welfare Lecture helps to further enhance the academic influence of the accounting discipline in domestic universities.