International Financial Reporting Standards (IFRSs) are the world’s most widely applied accounting standards. They have been implemented or used by nearly 120 countries worldwide.
This course will enable participants to learn all major technical IFRSs requirements. The course comprises of illustrative financial statements, case studies, coverage of the most significant IFRSs, and interactive participation from the delegates. The participants will also learn new IFRSs requirements related to revenue, leases and financial instruments.
Why this course
What are the existing and future requirements of IFRSs
How IFRSs measurement principles applied
What are the ways to get information about IFRSs
What is the appropriate time to have fair value measurements
What to expect
Apply the standards of preparing IFRS compliant financial statements, including the assessment of essential accounting policies and other necessary disclosures
Define the process of transitioning to IFRSs and identify first time adoption exemptions and exceptions relevant to an organization
Identify the application of measurement principles of the IASB’s framework
Identify the criteria that allows the use of fair value measurement#
Assess the way to measure fair value and elaborate the fair value changes
Apply the proposed standards on revenue, leases and financial instruments
What is the course schedule?
Finance and accounts personnel, company secretaries and others who are responsible for producing and maintaining IFRS-compliant financial statements.
Professionals working or aspiring to work in the field of auditing, accounting, investment banking, project consultancy, private equity, corporate finance, asset valuation and equity research
The course will have a maximum of 14 people who will be selected based on the type of business they are in and their job role to ensure a thorough mix of industries, ideas and experience.
The programme is designed to enhance learning through group and individual cases and exercises. There are a number of opportunities to practice techniques and evaluate skill levels.
The course will be supported with handouts and post course references and Tutor inputs will be aimed at giving direction and guidance to ensure effective learning, skill enhancement and attitudes to move with the times.