An intensive and hands-on 8-day training workshop that will provide delegates with a thorough understanding current topics, such as:
An optional add-on day at the end of the program will address IFRS for SMEs. Please contact us or download the pdf for price details. Course Level
IASB and IFRS
The Conceptual Framework
Presentation of Financial Statements
Accounting Policies and other Disclosures
Property, Plant and Equipment
Fair Value Measurement
Impairment of Assets
Consolidations, Associates and Joint Ventures
Foreign Currency Transactions and Translations
The global acceptance of IFRS as a basis for financial reporting for both publically traded entities and other entities of public interest, such as state-owned entities, nonprofit entities, creates a demand for highly trained financial professionals to implement such standards and principles.
Even those with basic knowledge of IFRS and not involved in preparation of financial reports need to stay abreast of the current developments in financial reporting, as changes affect the drafting of sales contracts and lease agreements, to name a few specific hot topics.
Currently over 9,000 European companies have converted to IFRS for financial reporting, countries such as Brazil, Canada, China, India, Japan, Malaysia, Nigeria, Russia, and the USA, have adopted or are in the process of adopting or converging their financial reporting standards to IFRS.
This workshop is appropriate for both the novice in IFRS financial reporting who needs to be up-to-date quickly, and the veteran financial professional who is looking for not only a refresher course but also an in-depth update course covering the hard-to-understand areas of IFRS.Course Background
What this course will enable you to do:
Understand IFRS reporting requirements for 2013 and beyond
Review and analyse actual recent IFRS financial reports
Discuss IASB's proposed models for leases and financial statement presentation
Apply the standards on business combinations and consolidations, tangible assets, intangible assets, asset impairment, liabilities, foreign currency, etc.
Understand the recently released standard on financial instruments, including hedging and the exposure draft on credit losses
Review the industry-specific financial reporting standards (agriculture, mining, insurance)
Understand the transition process from national GAAP to IFRS
Put theory into practice with real-world financial reports to compare and contrast along with case studies and exercises
Who should attend?
The course will be of value to professionals in the following areas:
Managers of small and medium-sized entities
Live group instruction
Detailed practical examples
Model IFRS financial statements including required disclosures
Description and explanation of IFRS technical requirements in clear and simple language
Use of case studies and real world examples to illustrate practical application of the standards
All participants receive a comprehensive binder containing copies of the presentation slides, handouts and other course materials