Changing to IFRS is not a revolution but a global standardization to move from rules-based financial reporting standards to one that is principle based. This workshop will provide guidance to prepare for a smooth transition to IFRS.
Overview of IFRS
- Conversion roadmap
- Differences between the standards
IFRS conversion phases
- Regulatory framework
- Post implementation
Presentation of financial statements (IAS 1)
- Structure and content
- Statement of financial position
- Statement of cash flows
Statement of cash flow
- Statement of cash flow
- Reporting cash flow from operating activities, investing and financing activities
Financial Instruments (IAS 32)
- Financial Assets and financial liabilities
- Equity instruments
- Derivative financial instruments
Impairment of Assets
- Cash generating units as goodwill
- Reversity on impairment loss
- Disclosure of assets
For Whom: Directors, CFOs, Financial Managers, Head of Accounts Department, Accountants, Auditors and other Management staff who perform related functions.
This course is being run by Alpha Partners in collaboration with The Institute of Chartered Accountant, Lagos Mainland District.
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participants will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.
Chris Onwuasigwe, FCA