International Financial Reporting Standards (IFRS)

Day One

Introduction to IFRS

• The conceptual framework of IFRS
• Standard setting constitution

Presentation of Financial Statements

• Forms and Components of Financial Statement
• Classification issues in statement of financial position
• Presentation in profit and loss account and other comprehensive income
• Statement of changes in equity
• Statement of cash flows
• Basis of Accounting
• Accounting Policies, Errors and Estimates (IAS 8)
• Events after the reporting period (IAS 10)
• Non-current assets held for sale & discontinued operations (IFRS 5)

Day Two

Major items of Income Statement

• Revenue recognition (IAS 18) and Construction Contracts (IAS 11)
• Employee Benefits (IAS 19)
• Lease Accounting (IAS 17)

Consolidation

• Investments in associates and equity method (IAS 28)
• Investment in Joint Ventures (IFRS 11)
• Separate Financial Statements (IAS 27)
• Consolidated Financial Statements (IFRS 10)
• Foreign Currency Translations (IAS 21)
• Business Combinations (IFRS 3)

Financial Instruments

• Fair Value Measurements (IFRS 13)
• Financial Assets, Financial Liabilities and Equities (IAS 32, 39 and IFRS 7)
• Hedge Accounting (IAS 39, IFRIC 16)

Day Three

Major items of Balance Sheet

• Tangible Assets (including Borrowing Costs)
  • Property, Plant and Equipment (IAS 16)
  • Investment Property (IAS 40)
  • Borrowing Costs (IAS 23)
• Intangible assets and Goodwill (IAS 38)
• Inventories (IAS 2)
• Provisions, Contingent Assets and Contingent Liabilities (IAS 37)
• Impairments of Non-Financial Assets (IAS 36)