Course Description
This intensive 5-day program provides a comprehensive understanding of International Financial Reporting Standards (IFRS) and prepares participants for ACCA's globally recognized IFRS certification. Designed for finance professionals, the course covers IFRS principles, practical application, and recent developments. Participants will gain hands-on experience in preparing IFRS-compliant financial statements and addressing complex reporting issues.
Learning Objectives
- Understand the conceptual framework and key principles of IFRS
- Apply IFRS standards to prepare and analyze financial statements
- Gain proficiency in handling complex IFRS reporting scenarios
- Stay updated on recent IFRS developments and their implications
- Develop skills to transition from local GAAP to IFRS effectively
Course Modules
Day 1: IFRS Fundamentals
- Introduction to IFRS and its global significance
- IFRS conceptual framework and standard-setting process
- Overview of key IFRS standards
- Comparison between IFRS and local GAAP
Day 2: Financial Statement Presentation
- IAS 1: Presentation of Financial Statements
- IAS 7: Statement of Cash Flows
- IFRS 15: Revenue from Contracts with Customers
- Case studies on financial statement preparation
Day 3: Asset and Liability Recognition
- IAS 16: Property, Plant and Equipment
- IAS 38: Intangible Assets
- IFRS 16: Leases
- IAS 37: Provisions, Contingent Liabilities and Contingent Assets
Day 4: Financial Instruments and Fair Value
- IFRS 9: Financial Instruments
- IFRS 13: Fair Value Measurement
- Hedge accounting and impairment
- Practical exercises on financial instrument accounting
Day 5: Group Reporting and Advanced Topics
- IFRS 10: Consolidated Financial Statements
- IFRS 3: Business Combinations
- IAS 21: Effects of Changes in Foreign Exchange Rates
- Recent IFRS updates and future developments
Practical Wins for Participants
- Ability to prepare IFRS-compliant financial statements confidently
- Enhanced skills in analyzing and interpreting IFRS financial reports
- Improved capability to handle complex IFRS reporting scenarios
- Readiness to pursue ACCA's globally recognized IFRS certification
Credits: 5 credit per day
Course Mode: full-time
Provider: Blackbird Training Centre
