Simplify the complexities of IFRS with our 3-day IFRS session covering major areas of financial reporting applicable across multiple industries.
The core objective of the program is to ensure the participants grasp the fundamentals of IFRS using real world practical examples and case studies on implementation of reporting concepts.
Learning objectives
Understand IFRS financial reporting framework
Analyse 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 analyse financial reporting across multiple sectors
Who should attend
Professionals working in the field of accounting and financial reporting
Auditors
Financial Analysts
Portfolio Managers
Management Accountants
Directors of Finance
Finance and Information Systems Managers
Agenda
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)
Trainers
Binod Shankar, CFA
Managing Director
Over 21 years of experience in project appraisal, audit, financial analysis, financial feasibility, valuation and real estate development.
Upcoming dates
Currently there are no public classes/sessions scheduled for this course yet. For any in-house or private training, please contact us.
Discounts
Get 15% discount, if you are a Current Student who is currently attending an Executive Education, CMA, Claritas, or CISI course with us.
Get 15% discount, if you are a Past Student who has completed a course with us.
Get 15% discount, when three or more individuals from the same organization register.
