Important Features

The important features of the International Financial Reporting Standards (IFRS) training course are:

• Understanding financial statements
• Financial reporting
• Applying IFRS
• Accounting for current and non-current assets and liabilities
• Classifying investments
• Describing updates and amendments
• Assessing impact on financial accounts

Learning Objectives

• Describe the setting process in International Financial Reporting Standards (IFRS) and list the currently available standards
• Explain the most recent updates on existing IFRS and evaluate the effect of newly issued standards on their organization
• Determine the correct presentation and minimum disclosure for components of statements of financial position, statements of comprehensive income, statements of owners’ equity and statements of cash flows in accordance with IFRS
• Appraise and properly account for transactions affecting current assets and liabilities, non-current assets and liabilities, revenues and expenses in accordance with IFRS
• Apply professional judgment in applying IFRS for matters relating to non-recurrent business transactions

Target Audience

• Professionals in the fields of finance and accounting
• Accountants involved in the preparation of financial statements
• Professionals seeking to enhance knowledge from companies implementing IFRS as the standard of reporting

Training Methodology

The International Financial Reporting Standards (IFRS) training course uses a mix of interactive techniques, such as brief presentations, application of theories and group exercises to exchange experience and apply knowledge acquired throughout the course.

Pre & Post course assessments will be used to measure the effectiveness of this training.