Program Overview

The convergence, globally, of International Financial Reporting Standards (IFRS) is gaining pace at a rapid rate, for the preparation of financial statements. This includes both large corporates and the medium sized companies. Each year more countries are implementing IFRS.

As a result of this acceptance of IFRS, more financial professionals are required to have a working knowledge of not only the fundamentals, but also the detailed workings. Furthermore, the IFRS landscape is constantly changing and professionals are required to keep up to date.

Objectives
  • Understand IFRS financial reporting framework
  • Analyze and interpret IFRS financial statements
  • Differentiate between IFRS and local GAAP reporting
  • Understand various options available under IFRS reporting and choosing the right one
  • Apply IFRS to prepare and analyses financial reporting across multiple sectors
Program content
  • Introduction to IFRS
  • IFRS basic principles
  • Financial statement presentation
  • Disclosure issues
  • Revenue recognition and non-financial assets
  • Inventories
  • Non-current assets: recognition and measurement
  • Impairment of assets
  • Non-financial liabilities and financial instruments
  • Non-financial liabilities and financial instruments
  • Financial instruments
  • Business combinations: application of the acquisition method
  • Consolidated and separate financial statements (including structured entities)
  • Foreign currency issues
  • Accounting for income taxes: current and deferred taxes
Who should attend
  • Financial Analysts
  • Accountants
  • Portfolio Managers
  • Securities Analysts
  • Credit / Investment Analysts
  • Pension Fund Managers
  • Auditor
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