International Financial Reporting Standards (IFRS) Training Course Event, 29.Dec.2024

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: Introductory Principles

• Topic 1: Introduction to the IFRS Framework
• Topic 2: IFRS1: Understanding First-Time Adoption of IFRS
• Topic 3: IAS1: Mastering the Presentation of Financial Statements
• Topic 4: IAS7: Exploring the Statement of Cash Flows
• Topic 5: IAS8: Navigating Accounting Policies and Changes in Accounting Estimates, and Errors
• Reflection & Review: Revisiting the Importance of Introductory Principles in IFRS

Day 2: Group Statements

• Topic 1: IFRS3: Introduction to Business Combinations
• Topic 2: IAS27: Understanding Consolidated and Separate Financial Statements
• Topic 3: IAS28: Exploring Investments in Associates
• Topic 4: IAS31: Delving into Interests in Joint Ventures
• Reflection & Review: Revisiting the Importance of Group Statements in IFRS
   

Day 3: Statement of Financial Position / Balance Sheet

• Topic 1: IAS16: Exploring Property, Plant, and Equipment
• Topic 2: IAS40 & IAS41: Understanding Investment Property and Agriculture
• Topic 3: IAS38 & IAS17: Navigating Intangible Assets and Leases
• Topic 4: IAS12 & IAS2: Mastering Income Taxes and Inventories
• Topic 5: IAS39 & IFRS9: Financial Instruments: Recognition and Measurement
• Topic 6: IFRS5: Noncurrent Assets Held for Sale and Discontinued Operations
• Topic 7: IFRS6: Exploration for and Evaluation of Mineral Resources
• Topic 8: IAS37: Provisions, Contingent Liabilities, and Contingent Assets
• Topic 9: IAS21: The Effects of Changes in Foreign Exchange Rates
• Reflection & Review: Revisiting the Importance of Balance Sheet Items in IFRS
   

Day 4: Statement of Comprehensive Income / Income Statement

• Topic 1: IAS18 & IAS11: Understanding Revenue and Construction Contracts
• Topic 2: IAS19 & IAS36: Exploring Employee Benefits and Impairment of Assets
• Topic 3: IAS23: Navigating Borrowing Costs
• Topic 4: IAS20: Accounting for Government Grants and Disclosure of Government Assistance
• Topic 5: IFRS2: Introduction to Share-Based Payment
• Reflection & Review: Revisiting the Importance of Income Statement Items in IFRS
   

Day 5: Disclosure

• Topic 1: IAS10: Understanding Events After the Reporting Period
• Topic 2: IAS24: Navigating Related-Party Disclosures
• Topic 3: IAS33 & IAS32: Introduction to Earnings Per Share and Financial Instruments Presentation
• Topic 4: IFRS7 & IFRS8: Exploring Financial Instruments Disclosures and Operating Segments
• Topic 5: IAS34: Delving into Interim Reporting
• Topic 6: IAS26: Accounting and Reporting by Retirement Benefit Plans
• Topic 7: IFRS4: Insurance Contracts
• Topic 8: IAS29: Financial Reporting in Hyperinflationary Economies
• Reflection & Review: Summary and Next Steps for Mastering IFRS Disclosures
   

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.