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Professional Training

INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)

This IFRS training provides comprehensive knowledge, practical skills in financial reporting and policy development, and updates on recent changes, enabling effective implementation and risk management. You'll gain a deep understanding of IFRS's global impact and strategic implications. This program focuses on practical IFRS application, equipping you with the skills to develop compliant financial statements, manage implementation, and understand the strategic consequences of IFRS adoption.

Compliance risk mitigation

Implementation management

Accurate financial reporting

Strategic decision making

Course Duration: 36-40 Hours

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Who Should Attend

This training is tailored for individuals who need a thorough understanding of IFRS

Professionals

  • Finance and accounting personnel in private sector
  • Department heads, directors, senior managers
  • Audit and advisory board members
  • IFRS implementation teams
  • Faculty members and academic accounting staff
  • Corporate compliance officers
  • Accounting and finance department staff

Target Institutions

  • Private Companies
  • Accounting and Audit Firms
  • Professional Accountancy Organizations
  • Professional Audit Organizations
  • Universities & Academic Institutions

What You Will Gain

Organizations benefit from employees skilled in IFRS implementation and financial reporting

Comprehensive IFRS expertise

Financial statement preparation

Compliance migration strategy

Disclosure management

Implementation planning

Cost-benefit analysis skills

System modification capabilities

Risk management techniques

Course Content

Our comprehensive curriculum covers all aspects of IFRS

01

Introduction to the IFRS

  • International Accounting Standards Board (IASB) & IFRS Foundation
  • International Accounting Standards (IAS) and IFRS Standards currently in issue
  • Conceptual Framework for Financial Reporting
  • The status and use of IFRS standards around the world
02

Accounting for Assets under IFRS

  • Property, Plant & Equipment
  • Inventory
  • Intangible Assets
  • Investment Property
  • Leases
  • Borrowing Costs
  • Agriculture
  • Government Grants and Disclosure of Government Assistance
  • Impairment of Assets
03

Accounting for Revenue Recognition

  • Revenue from Contracts with Customers
  • Contract Costs
04

Accounting for Liabilities

  • Provisions
  • Contingent Liabilities
  • Leases
  • Income Taxes
  • Employee Benefits
  • Share based payments
05

Financial Instruments

  • Financial Assets, Financial Liabilities & Equity
  • Recognition of Financial Instruments
  • Fair Value Measurement
  • Impairment of Financial Assets
  • Expected Credit Loss
  • Hedging and Hedge Accounting
06

Presentation of Financial Statements

  • Presentation of Financial Statements
  • Statement of Cash Flows
  • Interim Financial Reporting
  • Selection of Accounting Policies and Accounting Estimates
  • Events after the reporting period
07

Group Financial Statements

  • Business Combination
  • Consolidated Financial Statements
  • Separate Financial Statements
  • Associates & Joint Ventures
  • Effects of Changes in Foreign Exchange Rates
08

Other IFRS Standards

  • Related Party Disclosures
  • Earnings Per Share
  • Exploration and Evaluation of Mineral Resources
  • Assets Held for Sale and Discontinued Operations
09

First time adoption of IFRS

  • First time adoption of IFRS
  • IFRS for SMEs
10

Sustainability Disclosures

  • Introduction
  • Global Guidelines
  • IFRS S1
  • IFRS S2
  • Sustainability Disclosures

IFRS Framework

The comprehensive framework of International Financial Reporting Standards

FINANCIAL REPORTING FRAMEWORK

  • Conceptual Framework for Financial Reporting
  • IAS 1: Presentation of Financial Statements
  • IAS 7: Statement of Cash Flows
  • IAS 8: Accounting Policies, Changes in Accounting Estimates and Errors
  • IFRS 1: First-time Adoption of IFRS

SPECIALIZED STANDARDS

  • IFRS 9: Financial Instruments
  • IFRS 15: Revenue from Contracts with Customers
  • IFRS 16: Leases
  • IFRS 10: Consolidated Financial Statements
  • IAS 12: Income Taxes
  • IAS 36: Impairment of Assets
  • IFRS S1 & S2: Sustainability Standards

Benefits of IFRS Implementation

Implementing effective IFRS standards provides numerous advantages for organizations

Global comparability
Improved transparency
Enhanced accounting quality
Better investment decisions
International standardization
Reduced capital costs
Efficient financial reporting
Strategic business insights

Recommended Certifications

Further your IFRS expertise with these specialized certifications

ACCA
  • Diploma in IFRS
  • Certificate in IFR
PROFESSIONAL
  • Chartered Accountant (CA)
  • Certified Public Accountant (CPA)
SPECIALIZED
  • IFRS Specialist Certification
  • Financial Reporting Expert

Ready to Enhance Your IFRS Expertise?

Join our comprehensive 36-40 hour training program and become an IFRS expert

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