Course Overview
Course Description
This intensive 5-day course provides a comprehensive overview of International Financial Reporting Standards (IFRS) and recent updates. Participants will gain in-depth knowledge of IFRS principles, learn to apply standards to real-world scenarios, and understand the latest changes in global financial reporting requirements.
Learning Objectives
- Understand the conceptual framework and key principles of IFRS
- Apply IFRS standards to prepare and analyze financial statements
- Interpret and implement recent IFRS updates and amendments
- Develop skills to address complex accounting issues under IFRS
- Gain practical insights into IFRS application across various industries
Course Modules
Day 1: IFRS Foundation and Conceptual Framework
- Introduction to IFRS and standard-setting process
- Conceptual framework for financial reporting
- Presentation of financial statements (IAS 1)
- Statement of cash flows (IAS 7)
Day 2: Recognition and Measurement
- Revenue recognition (IFRS 15)
- Property, plant and equipment (IAS 16)
- Intangible assets (IAS 38)
- Impairment of assets (IAS 36)
Day 3: Financial Instruments and Fair Value
- Financial instruments (IFRS 9, IAS 32, IFRS 7)
- Fair value measurement (IFRS 13)
- Leases (IFRS 16)
- Share-based payment (IFRS 2)
Day 4: Group Reporting and Business Combinations
- Consolidated financial statements (IFRS 10)
- Business combinations (IFRS 3)
- Investments in associates and joint ventures (IAS 28, IFRS 11)
- Foreign currency transactions (IAS 21)
Day 5: Recent Updates and Practical Application
- Latest IFRS amendments and their impact
- Industry-specific IFRS applications
- IFRS for SMEs
- Case studies and practical exercises
Practical Wins for Participants
- Ability to prepare IFRS-compliant financial statements
- Skills to navigate complex accounting issues under IFRS
- Understanding of recent IFRS updates for immediate application
- Enhanced analytical capabilities for financial reporting and decision-making
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