Description

Advanced International Financial Reporting Standards (IFRS) Course

Course Overview

This course provides a deep dive into the principles, frameworks, and applications of International Financial Reporting Standards (IFRS), equipping finance and accounting professionals with advanced knowledge of global financial reporting requirements. Participants will explore complex accounting treatments, financial statement preparation, and the latest IFRS updates to ensure compliance with international standards.

With the increasing globalization of financial markets, organizations must adhere to IFRS to enhance transparency, comparability, and consistency in financial reporting. This course covers key IFRS concepts, including revenue recognition, financial instruments, lease accounting, consolidation of financial statements, and fair value measurement. Through real-world case studies and practical applications, participants will develop expertise in applying IFRS in various industries, ensuring accurate financial reporting and regulatory compliance.

Who Should Attend?

This course is designed for:

• Accountants and finance professionals

• Auditors and financial controllers

• CFOs and finance managers

• Compliance officers and regulatory professionals

• Investment analysts and corporate advisors

• Professionals involved in financial reporting and consolidation

Key Learning Outcomes

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

• Understand the fundamental principles and latest updates of IFRS

• Apply IFRS in complex financial reporting scenarios

• Interpret and prepare financial statements in compliance with IFRS

• Analyze the impact of IFRS on financial performance and disclosures

• Implement best practices for revenue recognition, lease accounting, and financial instruments

• Ensure compliance with international financial reporting regulations

Course Modules

1. Introduction to IFRS Framework

   • Purpose and objectives of IFRS

   • IFRS vs. local GAAP: Key differences

   • Regulatory and compliance requirements

2. Revenue Recognition Under IFRS 15

   • Five-step model for revenue recognition

   • Identifying performance obligations

   • Accounting for contract modifications and variable considerations

3. Financial Instruments (IFRS 9)

   • Classification and measurement of financial assets and liabilities

   • Expected credit loss (ECL) model and impairment assessment

   • Hedge accounting and risk management strategies

4. Lease Accounting (IFRS 16)

   • Accounting treatment for lessees and lessors

   • Recognition and measurement of lease liabilities

   • Practical implications for financial statements

5. Consolidation of Financial Statements (IFRS 10, 11, 12)

   • Control assessment and subsidiary consolidation

   • Accounting for joint ventures and associates

   • Disclosure requirements and group financial reporting

6. Fair Value Measurement (IFRS 13)

   • Principles of fair value measurement

   • Valuation techniques and market-based approaches

   • Disclosure requirements and financial statement impact

7. IFRS Updates and Emerging Trends

   • Recent changes in IFRS standards

   • Future developments in international financial reporting

   • Global best practices and implementation challenges

Delivery Mode

• Instructor-led training (virtual or in-person)

• Real-world case studies and practical applications

• Interactive discussions and financial statement analysis exercises

Certification

Participants will receive a Certificate in Advanced IFRS upon successful completion of the course, demonstrating their expertise in international financial reporting standards.