Course Methodology

The course uses a mix of interactive techniques, such as brief presentations by the consultant, application of theories presented by the consultant and group exercises to exchange experience and apply the knowledge acquired throughout the course.

Course Objectives

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

• Describe the setting process in 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
• Prepare financial statements with related notes and disclosures that are compliant with IFRS

Training Methodology

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

Target Audience

Accountants, Auditors, Treasurers, Finance Manager,s and others who want to update or sharpen their knowledge in IFRS.

Target Competencies

• 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