Course Overview
International Financial Reporting Standards (IFRS) are globally accepted accounting standards that guide how companies should prepare and present financial statements. As the global business environment evolves, IFRS has become the benchmark for financial reporting. This course is designed to help financial professionals develop expertise in the application of IFRS, covering both fundamental principles and recent updates to ensure compliance with international accounting practices. Participants will gain the skills to transition smoothly to IFRS or enhance their existing knowledge, with practical examples and case studies to solidify their learning.
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
Customized Training
This training can be tailored to your institution needs and delivered at a location of your choice upon request.
Requirements
Participants need to be proficient in English.
Training Fee
The fee covers tuition, training materials, refreshments, lunch, and study visits. Participants are responsible for their own travel, visa, insurance, and personal expenses.
Certification
A certificate from Ideal Sense & Workplace Solutions is awarded upon successful completion.
Accommodation
Accommodation can be arranged upon request. Contact via email for reservations.
Payment
Payment should be made before the training starts, with proof of payment sent to outreach@idealsense.org.
For further inquiries, please contact us on details below:
