Nigerian Seminars and Trainings

Search all upcoming seminars, conferences, short management courses and training in Nigeria and around the World

business logo

International Financial Reporting Standards: Best Practice Course

By: Alpha Partners

Lagos State, Nigeria

07 - 10 Jul, 2020  4 days

Follow Event

  

NGN 175,000

Venue: Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lagos.

By the end of the course, participants will be able to:

  • Describe the setting process in International Financial Reporting Standards (IFRS) and list the currently available standards
  • Explain the most recent updates on existing IFRS and evaluate the effect of newly issued standards on their organization
  • Determine the correct presentation and minimum disclosure for components of statement of financial position, statement of comprehensive income, statement of owners' equity and statement of cash flows in accordance with IFRS
  • Appraise and properly account for transactions affecting current assets and liabilities, non-current assets and liabilities, revenues and expenses in accordance with IFRS
  • Apply professional judgment in applying IFRS for matters relating to non-recurrent business transactions

Content

  • IFRS rules for non-current assets and liabilities
  • Property, plant and equipment (IAS 16):
  • Initial recognition and subsequent measurement
  • Cost model versus revaluation model
  • Assets held-for-sale (IFRS 5)
  • Treatment of decommissioning costs (IAS 37)
  • Impairment of property, plant and equipment (IAS 36)
  • Intangible assets (IAS 38)
  • Situations where some intangible assets are not recognized in financial positions
  • Cost model versus revaluation model
  • Investment property (IAS 40)
  • Distinguishing investment property from other assets
  • Cost model versus fair value model
  • Provisions, contingent liabilities and contingent assets (IAS 37)
  • Investment securities (IFRS 9)
  • Type of investment securities
  • Classification under IFRS 9: Fair Value Through Profit or Loss (FVTPL), Fair Value Through Other Comprehensive income (FVTOCI), amortized cost
  • Initial recognition and subsequent measurement
  • Transfer between categories
  • Impairment of financial assets under the new standard

For Whom:

Accountants, Controllers, Managers of Fixed Assets, Divisional and Plant Managers and all Executives involved in Fixed Asset Accounting and Administration.

Training Methodology

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 participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lagos. Jul 07 - 10 Jul, 2020
NGN 175,000.00(The Workshop fee is N175,000.00 (One Hundred and Seventy Five Thousand Naira) only per participant to cover workshop literature and materials, executive bag, tea/coffee, lunch, photograph and certificate.)
(Convert Currency)

Chris Onwuasigwe, FCA – 08033045484 08033045484

5% discount for 3-5 participants and 10% discount for 6 and above number of participants from the same organization.
A distinguished team of facilitators who are eminently qualified professionals has been assembled to lead discussions in course of the workshop.
Related Courses
Disaster Prevention and Recovery Management: Handling IT Risks Training Disaster Prevention and Recovery Management: Handling IT Risks Training

4 days, 20 - 23 Oct, 2020 

2020-10-20 12:10:00
Lagos State, Nigeria

Alpha Partners

Disaster can occur unexpectedly and disrupt the activities of an organization especially in today’s business environment where critical business functions dependent on IT. The need for ...

The Effective Human Resources Administrator Workshop The Effective Human Resources Administrator Workshop

4 days, 25 - 28 Aug, 2020 

2020-08-25 12:08:00
Lagos State, Nigeria

Alpha Partners

This new workshop creates an opportunity for participants to learn all about HR administration.  Participants will learn about the process involved, the system used and the skills needed to be ...

Oil and Gas Operations and Current Reforms in Nigeria Workshop Oil and Gas Operations and Current Reforms in Nigeria Workshop

4 days, 14 - 17 Jul, 2020 

2020-07-14 12:07:00
Lagos State, Nigeria

Alpha Partners

To equip Participants with the knowledge of Oil and Gas Operations in Nigeria and highlight the various Laws that govern such Operations. Details of on-going reforms in the sector will be ...

Purchasing Principles and Practices Course Purchasing Principles and Practices Course

4 days, 08 - 11 Sep, 2020 

2020-09-08 12:09:00
Lagos State, Nigeria

Alpha Partners

Today’s successful global business considers purchasing as a strategic function that uses and enables change within an organization.  The sourcing strategies of the past can no longer ...