Course Overview
This course provides a comprehensive understanding of the International Financial Reporting Standards (IFRS) framework and its application. Participants will learn the principles and requirements of IFRS, how to apply these standards in practice, and the impact of IFRS on financial reporting. The course will cover key standards, recent updates, and practical implementation challenges.
Course Duration
5 Days
Who Should Attend
- Financial managers and analysts
- Accountants and auditors
- Finance professionals working in multinational corporations
- Financial consultants and advisors
- Anyone involved in the preparation or analysis of financial statements
Course Objectives
By the end of this course, participants will:
- Understand the conceptual framework and principles of IFRS.
- Apply IFRS standards to the preparation of financial statements.
- Identify and implement recent updates and changes to IFRS.
- Analyze the impact of IFRS on financial performance and position.
- Address common challenges and issues in IFRS implementation.
Course Outline:
Module 1: Introduction to IFRS and Conceptual Framework
- Overview of IFRS and its importance
- The conceptual framework for financial reporting
- Key principles and assumptions in IFRS
- Presentation and disclosure requirements
Module 2: Key IFRS Standards - Part 1
- IFRS 1: First-time Adoption of IFRS
- IFRS 2: Share-based Payment
- IFRS 3: Business Combinations
- IFRS 5: Non-current Assets Held for Sale and Discontinued Operations
Module 3: Key IFRS Standards - Part 2
- IFRS 9: Financial Instruments
- IFRS 10: Consolidated Financial Statements
- IFRS 11: Joint Arrangements
- IFRS 12: Disclosure of Interests in Other Entities
Module 4: Revenue and Lease Standards
- IFRS 15: Revenue from Contracts with Customers
- IFRS 16: Leases
- Practical implementation and case studies
- Common challenges and solutions
Module 5: Financial Statements and Recent Updates
- IFRS 13: Fair Value Measurement
- IFRS 16: Leases
- Recent updates and amendments to IFRS
- Preparing and presenting IFRS-compliant financial statements
