Mastering IFRS: Comprehensive Training & 2025 Updates Event, 20.Apr.2025

Course Description

This comprehensive 5-day course provides an in-depth exploration of International Financial Reporting Standards (IFRS) and their latest updates. Participants will gain a thorough understanding of IFRS principles, practical application techniques, and recent changes affecting financial reporting. The course combines theoretical knowledge with hands-on exercises to ensure a well-rounded learning experience.

Learning Objectives

• Understand the fundamental principles and framework of IFRS
• Apply IFRS standards to various financial reporting scenarios
• Analyze and interpret financial statements prepared under IFRS
• Stay updated with the latest IFRS amendments and their implications
• Develop skills to transition from local GAAP to IFRS

Course Modules

Day 1: IFRS Foundation and Conceptual Framework

• Introduction to IFRS and standard-setting process
• Conceptual framework for financial reporting
• First-time adoption of IFRS (IFRS 1)
• Presentation of financial statements (IAS 1)

Day 2: Recognition and Measurement

• Revenue recognition (IFRS 15)
• Financial instruments (IFRS 9)
• Leases (IFRS 16)
• Inventories and property, plant, and equipment (IAS 2, IAS 16)

Day 3: Group Reporting and Business Combinations

• Consolidated financial statements (IFRS 10)
• Business combinations (IFRS 3)
• Investments in associates and joint ventures (IAS 28, IFRS 11)
• Disclosure of interests in other entities (IFRS 12)

Day 4: Specialized Topics and Fair Value Measurement

• Fair value measurement (IFRS 13)
• Impairment of assets (IAS 36)
• Employee benefits and share-based payments (IAS 19, IFRS 2)
• Income taxes (IAS 12)

Day 5: Latest Updates and Practical Application

• Review of recent and upcoming IFRS amendments
• IFRS for SMEs
• Integrated reporting and sustainability reporting
• Case studies and practical exercises

Practical Wins for Participants

• Ability to prepare and analyze IFRS-compliant financial statements
• Enhanced skills in applying IFRS to complex transactions
• Up-to-date knowledge of the latest IFRS developments and their impact
• Improved capacity to make informed financial reporting decisions