International Financial Reporting Standards (IFRS) Training Course

Derived from: THE WORLD BANK's International Financial Reporting Standards
International Financial Reporting Standards (IFRS) Training Course
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Course Overview:

This comprehensive IFRS Training Course is designed to equip you with the essential skills for Financial Statements Preparation under International Financial Reporting Standards. Whether you're a beginner or looking for IFRS Certification, this course covers everything from IFRS Framework to IFRS Compliance and IFRS Reporting. Learn the Differences between IFRS and GAAP and get hands-on experience in IFRS Accounting Standards. Ideal for those who want a complete IFRS Tutorial.
 

Target Audience:

  • Financial Analysts
  • Accountants
  • Auditors
  • CFOs
  • Financial Controllers

 

Targeted organisational Departments:

  • Finance
  • Accounting
  • Internal Audit
  • Compliance

 

 Targeted Industries:

  • Banking
  • Insurance
  • Manufacturing
  • Retail

 

Course Offerings:

By the end of this course, participants will be able to:

  • Prepare Financial Statements under IFRS
  • Understand IFRS vs GAAP
  • Apply IFRS Accounting Standards
  • Ensure IFRS Compliance
  • Navigate IFRS Reporting
     

Training Methodology:

This 5-day intensive course uses a blend of lectures, case studies, group work, and interactive sessions. Participants will engage in real-world scenarios that require Financial Statements Preparation under IFRS and IFRS Compliance. Feedback sessions will be conducted to ensure understanding and application of IFRS Accounting Standards.
 

Course Toolbox:

  • IFRS Handbook
  • Financial Statements Templates
  • IFRS Compliance Checklist
  • Online IFRS Tutorial
  • Case Studies on IFRS Reporting
     

Course Agenda:

Day 1: Introduction to IFRS Framework and Financial Statement Presentation

  • Topic 1: The General Framework of International Financial Reporting Standards (IFRS)
  • Topic 2: Objectives and Principles of Financial Reporting Under IFRS
  • Topic 3: Regulators and Standard Setters in IFRS
  • Topic 4: Relationship Between IFRS and National Standards
  • Topic 5: The Standard - IFRS and its Global Impact
  • Topic 6: The Regulatory Role of IASB in Setting Standards
  • Reflection & Review: Recap of the IFRS Framework and Introduction to IAS Standards

 

Day 2: Presentation of Financial Statements and Recognition of Assets

  • Topic 1: IAS 1: Presentation of Financial Statements
  • Topic 2: Components of Basic Financial Statements under IFRS
  • Topic 3: General and Specific Disclosure Requirements in IFRS Reporting
  • Topic 4: Guidelines for Accurate and Consistent Presentation under IAS 1
  • Topic 5: IAS 16: Recognition and Measurement of Fixed Assets
  • Topic 6: Depreciation and Periodic Review of Asset Value under IAS 16
  • Reflection & Review: Overview of IAS 1 and IAS 16 with practical examples

 

Day 3: Intangible Assets, Revenue Recognition, and Inventories

  • Topic 1: IAS 38: Intangible Assets and Recognition Criteria
  • Topic 2: Differences Between Research and Development in Accounting
  • Topic 3: IFRS 15: Revenue from Contracts with Customers
  • Topic 4: Stages of Revenue Recognition under IFRS 15
  • Topic 5: IAS 2: Inventories and Inventory Measurement Methods (FIFO, Weighted Average)
  • Topic 6: The Impact of Inventory Valuation on Profitability under IAS 2
  • Reflection & Review: Application of IFRS 15 and IAS 2 in real-world scenarios

 

Day 4: Liabilities, Provisions, Leases, and Financial Instruments

  • Topic 1: IAS 37: Liabilities, Provisions, and Contingent Liabilities
  • Topic 2: Identifying and Distinguishing Between a Liability and a Provision under IAS 37
  • Topic 3: IFRS 16: Changes in the Treatment of Leases for Lessees and Lessors
  • Topic 4: Recognizing Right-of-Use and Associated Liabilities under IFRS 16
  • Topic 5: IFRS 9: Classification and Measurement of Financial Instruments
  • Topic 6: Financial Instruments, Expected Credit Losses, and Hedge Accounting under IFRS 9
  • Reflection & Review: IFRS 16 and IFRS 9 key takeaways and their financial implications

 

Day 5: Financial Disclosures and Post-Balance Sheet Events

  • Topic 1: IFRS 7: Financial Instruments Disclosures
  • Topic 2: IAS 10: Events After the Reporting Period and its Impact on Financial Reporting
  • Topic 3: IAS 24: Related Party Disclosures
  • Topic 4: IFRS 7: Risk Disclosures and Financial Instruments
  • Topic 5: Post-Balance Sheet Disclosures under IFRS
  • Topic 6: The Importance of Transparency in International Financial Reporting under IFRS
  • Reflection & Review: Summary of key financial disclosures and their importance for transparency in financial reporting
     

How This Course is Different from Other IFRS Training Courses:

Unlike other courses, this IFRS Training Course offers a comprehensive guide to IFRS Compliance and Financial Statements Preparation. It's not just an IFRS Tutorial; it's a pathway to IFRS Certification. With real-world case studies and a focus on IFRS Reporting, this course stands out as a complete package for mastering International Financial Reporting Standards.

credits: 5 credit per day

Course Mode: full-time

Provider: Agile Leaders Training Center

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