This basic IFRS course provides a thorough introduction of all the major concepts and practical hurdles for those being new to the IFRS/IAS field. All topic cover will be accompanied with examples and case to illustrate effective application. Issued that arise in practice will be discussed and participant are encouraged to participate by tabling company specific issues they’ve encountered. Particular attention will be given to the conceptual framework and the cornerstone items on the balance sheet and other financial statements. Where needed, recent evolutions will be brought into the discussion as is the case for the upcoming revolutionary change in lease accounting.
Who should attend? • Accountants • Auditors • Financial controllers • Finance Controllers • Finance staff • Treasury accountants • Senior managers Course Agenda Highlights • IASB and conceptual framework • Shareholders’ equity: share capital and reserves • Revenue recognition • Provisions, contingent assets and liabilities • Inventories • Property, plant & equipment • Intangible assets and impairment (incl goodwill) • Leasing disclosures • First time adoption