Comprehensive IFRS Training

Program Overview

This two-part course offers a comprehensive examination of crucial technical International Financial Reporting Standards (IFRS). Encompassing coverage of IFRSs, interactive case studies, practical examples, and exercises, this workshop aims to equip participants with the necessary tools to comprehend and apply IFRSs proficiently. It specifically focuses on preparing IFRS financial statements and includes the latest updates, enabling participants to stay abreast of current standards and anticipate future changes.

Course Objectives

By the course’s conclusion, participants will be capable of:

– Competently preparing IFRS financial statements

– Distinguishing between changes in estimates and changes in accounting policies

– Adhering to IFRS disclosure requirements, encompassing accounting policies

– Recognizing the mandatory and optional elements for the initial adoption of IFRSs

– Grasping IFRS requirements for asset, liability, revenue, expense, gain, and loss recognition and measurement

– Applying the ‘cash-generating units’ approach in compliance with IAS 36 for asset impairment calculation

– Discerning differences between finance and operating leases

– Explaining anticipated future changes in IFRS, including prospects for alignment with major national accounting standards

Course Modules:

– Understanding the fundamentals of IFRS

– Key Balance Sheet Standards: Fixed Assets, Current Assets, Liabilities, Provisions, Share Capital, Deferred Tax

– Key Income Statement Standards: Revenue Recognition, Share-Based Payments

– Other Areas of Focus: Group Accounting, Pension Accounting, Substance over Form

– Technical Standards: Financial Instruments

– Accounting Policies

– Cash Flow Statements

– Assets Held for Sale

– Leasing

Target Audience:

This course is suited for individuals across all organizational levels seeking in-depth knowledge of IFRSs. It’s particularly valuable for those responsible for accounting decisions and involved in the preparation, review, or approval of IFRS financial statements. The program is designed to impart essential skills to diverse professionals within an organization, irrespective of industry focus. Participants are expected to possess a foundational understanding of accounting principles based on any national standard.