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EncartaLabs

IFRS (International Financial Reporting Standards)

( Duration: 10 Days )

This IFRS (International Financial Reporting Standards) training course will empower you in understanding IFRS by providing practical and detailed knowledge of the key international financial reporting standards (IFRS) and how they are interpreted and applied.

In this course, you will learn to compare the financial statements more accurately as you will have a clear picture of the financial comparisons of the organisations, make reporting standards simple, streamline the Accounting standards, lower the cost of auditing and statutory reporting, raise more capital from foreign markets at a lower rate.

By attending IFRS (International Financial Reporting Standards) workshop, delegates will learn:

  • Key principles of Conceptual Framework for Financial Reporting
  • Financial reporting standards applicable to key elements of financial statements
  • Disclosure requirements for organisations in financial reports and notes
  • Aspects related to consolidated financial statements including subsidiaries, associates and joint arrangements

The IFRS (International Financial Reporting Standards) class is ideal for:

  • All accounting professionals involved in the preparation of financial statements
  • Financial controllers, finance managers, financial systems analysts, senior accountants, financial accountants, management accountants, general ledger accountants, assistant accountants, accounts receivable accountants, accounts payable accountants, payroll accountants
  • Decision-makers who depend on timely and accurate financial information
  • Chief Financial Officers (CFOs), finance directors and strategic planners

COURSE AGENDA

1

Introduction to IFRS

  • International Accounting Standards Board (IASB) and IFRS Foundation Relationship
  • International Accounting Standards (IAS Standards), and International Financial Reporting Standards (IFRS Standards) that are currently in issue
  • Conceptual Framework for Financial Reporting
  • The status and practice of IFRS standards around the world
2

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
3

Accounting for Revenue Recognition

  • Revenue from Contracts with Customers
  • Contract Costs
4

Accounting for Liabilities

  • Provisions
  • Contingent Liabilities
  • Lease Liabilities
  • Income Taxes
  • Employee Benefits
  • Share based payments
5

Financial Instruments

  • Financial Assets, Financial Liabilities & Equity
  • Recognition of Financial Instruments
  • Fair Value Measurement
  • Impairment of Financial Assets
  • Hedging and Hedge Accounting
6

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
7

Group Financial Statements

  • Business Combination
  • Consolidated Financial Statements
  • Separate Financial Statements
  • Associates & Joint Ventures
  • Effects of Changes in Foreign Exchange Rates
8

Other IFRS Standards

  • Related Party Disclosures
  • Earnings Per Share
  • Exploration and Evaluation of Mineral Resources
  • Assets Held for Sale and Discontinued Operations
  • First time adoption of IFRS
  • IFRS for SME’s

Encarta Labs Advantage

  • One Stop Corporate Training Solution Providers for over 6,000 various courses on a variety of subjects
  • All courses are delivered by Industry Veterans
  • Get jumpstarted from newbie to production ready in a matter of few days
  • Trained more than 50,000 Corporate executives across the Globe
  • All our trainings are conducted in workshop mode with more focus on hands-on sessions

View our other course offerings by visiting https://www.encartalabs.com/course-catalogue-all.php

Contact us for delivering this course as a public/open-house workshop/online training for a group of 10+ candidates.

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