Nigerian Seminars and Trainings

Search conferences, training, seminars, courses and workshops in Nigeria and around the world

business logo

IFRS Conversion Course

By: TSI Limited

Lagos State, Nigeria

26 - 31 May, 2014  6 days

Follow Event

  

Course Overview:   According to the Federal Government IFRS Conversion Roadmap, entities in Nigeria are required to convert to IFRS between December 2012 and 2014. These entities have been categorized into 3 groups:
  • Entities with listed securities and those with government businesses e.g. NNPC
  • Unquoted or private entities which are of significant public interest because of their nature of business, size, number of employees or their corporate status which require wide range of stakeholders consultations
  • Small and Medium -size Enterprises (SME)
Despite the above mentioned deadline, most companies listed on the Nigerian Stock Exchange (NSE) and others with significant public interest as well as SMEs are still far behind in their implementation drive. “The implication of IFRS is that you have to go back 24 months before the cut-off date because you need comparative information. Which means since the regulator in Nigeria said the implementation will commence on January 1, 2012, companies will have to go back to January 1, 2010, to start with the closing balance.”
“The transition to IFRS involves the overhauling of a lot of things such as staff benefit, budgeting procedure, control, corporate governance, information technology, shareholding, benefit structure amongst others.

Course Objectives:
  • A hands –on practical demonstration of conversion from Nigerian GAAP to IFRS
  • Industry-by-Industry worked examples
  • Participants led pseudo conversion from Nigerian GAAP to IFRS
  • Exposure into the theoretical framework of IFRS
Course Outline:
  • General Introduction to IFRS, Advantages, Challenges, All Concerned with IFRS etc.
  • Concepts and presentation
  • The IASB conceptual framework
  • IAS 1 - presentation of statements
  • IAS 10 - events after balance sheet
  • IFRS 5 - assets held for sale and discontinued operations
  • IAS 7 - cash flow statements
  • Policies and revenue
  • IAS 8 - accounting policies
  • IAS 18 - revenue
  • IAS 11 - construction contracts; revenue and work-in-progress
  • Inventory and property, plant and equipment
  • Group Account and International Standards
  • Conversion knitty gritty
Sizzler House, 33 International Airport Road, Ajao Estate, Lagos, Nigeria May 26 - 31 May, 2014
NGN750,000.00
(Convert Currency)

+1-646-202-8832, +2348033467639

Related Courses
Certification in Supply Chain and Operations Management (CISCOM) Certification in Supply Chain and Operations Management (CISCOM)

5 days, 11 - 15 Dec, 2017 

2017-12-11 12:12:00
Kano State, Nigeria

TSI Limited

CISCOM is the FIRST certification to combine the supply chain management and operations management bodies of knowledge into a single integrated training program. Relevant, Current, Effective- The ...

Public Procurement Management - Regulating and Monitoring PPP Public Procurement Management - Regulating and Monitoring PPP

3 days, 28 - 30 Aug, 2017 

2017-08-28 12:08:00
Lagos State, Nigeria

TSI Limited

The concept of PPP obligates a more collaborative relationship between both sectors, fostered by openness and trust. This presents a major shift from the traditional 'arms-length' approach in ...

International Public Sector Accounting Standard International Public Sector Accounting Standard

3 days, 27 - 29 Nov, 2017 

2017-11-27 12:11:00
Lagos State, Nigeria

TSI Limited

This training is organized to sensitize Accountants, Treasurers, Account Officers, Auditors and others in finance functions of Ministries, Departments and Agencies on the provisions of the ...

Mechanism of the Foreign Exchange Market Mechanism of the Foreign Exchange Market

3 days, 18 - 20 Sep, 2017 

2017-09-18 12:09:00
Lagos State, Nigeria

TSI Limited

This training course aims to introduce key concepts and fundamental mechanisms of the foreign exchange markets and the various related instruments (spot exchange, forward exchange, derivatives) as ...