International Financial Reporting Standards (IFRS)
IFRS plays a crucial role in promoting transparency, comparability, and consistency in financial reporting across borders, making it essential for professionals in the field of accounting and finance.
- Course Schedule
Classroom Sessions:
| Date | Venue | Price |
|---|
13 - 17 May 2025
Abuja - Nigeria
$ 5,950
29 Jul - 02 Aug 2025
Doha - Qatar
$ 5,950
- Course Description
INTRODUCTION
The International Financial Reporting Standards (IFRS) course provides participants with a comprehensive understanding of the globally recognized accounting standards that facilitate the preparation and presentation of financial statements. IFRS plays a crucial role in promoting transparency, comparability, and consistency in financial reporting across borders, making it essential for professionals in the field of accounting and finance.
WHY IT MATTERS
Global Standardization: IFRS is adopted by many countries around the world, promoting consistency and comparability in financial reporting across borders. Understanding IFRS is crucial for businesses operating internationally. Investor Confidence: IFRS enhances transparency and accuracy in financial reporting, thereby increasing investor confidence and facilitating global investment. Regulatory Compliance: Many countries require or permit the use of IFRS for financial reporting by public companies. Compliance with these standards is essential for meeting regulatory requirements.
OBJECTIVES
- Comprehensive Understanding: Provide participants with a deep understanding of IFRS principles and their practical application in financial reporting.
- Application Skills: Develop participants’ skills to apply IFRS in real-world scenarios, ensuring accurate and reliable financial reporting.
- Global Perspective: Enable participants to view financial reporting from a global perspective, understanding the implications of IFRS on international business operations.
WHO SHOULD ATTEND ?
This course is designed for:
- Accounting Professionals: Accountants, auditors, and financial analysts seeking to enhance their knowledge and skills in IFRS.
- Finance Managers: Professionals involved in financial management, planning, and decision-making.
- Regulatory Compliance Officers: Individuals responsible for ensuring compliance with financial reporting regulations.
- International Business Professionals: Executives and managers working in multinational companies where IFRS is adopted for financial reporting.
- Course Outline
DAY 1
Introduction to IFRS and Framework
- Overview of IFRS and its evolution
- Structure and content of IFRS
- IFRS conceptual framework
DAY 2
Presentation of Financial Statements
- Income statement and comprehensive income
- Statement of financial position (balance sheet)
- Cash flow statement
DAY 3
Specific IFRS Standards (e.g., IAS 16, IAS 36)
- Property, plant, and equipment
- Impairment of assets
DAY 4
Revenue Recognition and Financial Instruments
- IFRS 15: Revenue from Contracts with Customers
- IFRS 9: Financial Instruments
DAY 5
Group Accounting and Other Advanced Topics
- IFRS 10: Consolidated Financial Statements
- Other advanced topics and case studies
- Review and Q&A session
- Options & Brochure