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Certification in International Financial Reporting Standards (IFRS)

Certification in International Financial Reporting Standards (IFRS)
Summary

This certificate provides an introduction to International Financial Reporting Standards (IFRS). Locally qualified accountants and auditors can now upgrade their skills to meet the challenges involved in adopting and implementing international standards in their workplace. An educational or professional background in financial reporting is recommended prior to commencing the Cert IFR certification. The course also provides the trainee with how to use and how to deal with international financial reporting standards and how to benefit from them in practical life and in preparing accounts and financial statements for companies of all kinds. And since these standards are international standards, they allow the trainee the ability to read the financial statements in any of the countries of the world and how to compare the financial statements of similar companies all over the world.

Reference
IFRS
Objective
  1. Understand how International Financial Reporting Standards (IFRS) are used around the world
  2. Understand how International Financial Reporting Standards Foundation (IFRSF) / International Accounting Standards Board (IASB) work and how it has changed
  3. Studying the basic requirements of IFRS on a standard-by-standard basis
  4. Provide guidance on how to use IFRS in practice.
  6. Explanation of the work of the International Accounting Standards Board (IASB), and how to approve the amendments to standards issued by the Board, where the
  7. Helping to understand how International Financial Reporting Standards (IFRS) is applied to the financial statements of companies.
  8. Understanding of International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS)
  9. Study the standards in detail.
  10. Presenting how IFRS is used in practical life.
Who should attend
  1. University students majoring in accounting and auditing
  2. Financial accountants
  3. Management accountants
  4. Financial analysts
  5. Heads of accounts
  6. Account managers
  7. Anyone interested in Cert IFR
Additional Information
N/A
Certification in International Financial Reporting Standards (IFRS)
  • Origins of the International Accounting Standards Board “The Board”
  • IFRS Foundation Structure
  • International Accounting Standards (IAS Standards) and International Financial Reporting Standards (IFRS Standards) that are currently issued
  • Purpose of Financial Statements - Conceptual Framework for Financial Reporting.
  • Brief summary of the adoption of financial reporting standards (IFRS Standards) in different jurisdictions
  • Evolution of the International Accounting Standards Board (IASB) and International Financial Reporting Standards (IFRS Standards)
  • IFRS and SMEs.
  • International Accounting Standard 1 (IAS 1) Presentation of Financial Statements
  • IFRS 15, Revenue from contracts with customers
  • International Accounting Standard 8 (IAS 8), Accounting Policies, Changes in Accounting Estimates and Errors.
  • International Accounting Standard 16 (IAS 16), Property, Plant and Equipment
  • International Accounting Standard 40 (IAS 40) investment properties
  • International Accounting Standard 23 (IAS 23) Borrowing costs
  • IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
  • International Accounting Standard 38 (IAS 38), Intangible Assets
  • International Accounting Standard 36 (IAS 36), impairment of assets
  • International Accounting Standard 20 (IAS 20), Accounting for Government Grants and Disclosure of Government Assistance
  • International Accounting Standard 2 (IAS 2), Inventory
  • IFRS 16, Lease Contracts
  • International Accounting Standard 41 (IAS 41), Agriculture
  • International Financial Reporting Standard 6 (IFRS 6), Exploration and Evaluation of Mineral Resources
  • International Accounting Standard 32 (IAS 32), Financial Instruments: Presentation
  • International Financial Reporting Standard 9 (IFRS 9), Financial Instruments
  • IFRS 7, Financial Instruments: Disclosures
  • IFRS 13, Fair Value Measurement
  • International Financial Reporting Standard 4 (IFRS 4) and International Financial Reporting Standard (IFRS 17), Insurance Contracts.
  • International Accounting Standard 37 (IAS 37), Provisions, Contingent Liabilities and Contingent Assets
  • International Accounting Standard 19 (IAS 19), Employee Benefits
  • International Accounting Standard 12 (IAS 12), Income Taxes
  • International Financial Reporting Standard 2 (IFRS 2), share-based payment.
  • International Financial Reporting Standard 10 (IFRS 10), Consolidated Financial Statements
  • International Accounting Standard 27 (IAS 27), Separate Financial Statements
  • International Financial Reporting Standard 3 (IFRS 3), Business Combination
  • International Financial Reporting Standard 11 (IFRS 11), Joint Arrangements
  • International Accounting Standard 28 (IAS 28), Investments in Associates and Joint Ventures
  • International Financial Reporting Standard 12 (IFRS 12), Disclosure of Interests in Other Entities
  • International Accounting Standard 21 (IAS 21), Effects of Changes in Foreign Exchange Rates
  • International Accounting Standard 29 (IAS 29), Financial Reporting in Hyperinflationary Economies
  • International Accounting Standard 7 (IAS 7), Statement of Cash Flows
  • International Financial Reporting Standard 8 (IFRS 8), Operating segments
  • International Accounting Standard 24 (IAS 24), Related Party Disclosures
  • International Accounting Standard 33 (IAS 33), earnings per share
  • International Accounting Standard 34 (IAS 34), First Financial Report
  • International Accounting Standard 10 (IAS 10), Events after the reporting period
  • International Financial Reporting Standard 1 (IFRS 1), first time application of IFRS
  • Key Differences Between International Financial Reporting Standards (IFRS) and UK GAAP
  • Convergence of International Financial Reporting Standards (IFRS) with US GAAP
  • Convergence of International Financial Reporting Standards (IFRS) with UK Generally Accepted Accounting Principles (UK GAAP)
  • IASB Action Plan
  • BK Management Team believe that learning is not only about acquiring technical skills, it is also about learning behaviors & Competencies that are desirable for work in plant operation & maintenance critical dimensions. Our holistic teaching develops our delegates' personal effectiveness to function both as an individual and as a team player. The course delivery & modes of instruction will incorporate theory , practical skills and Q&A sessions. 
  • To enhance learning outcomes, theory sessions will comprise classroom based lecture that will intersperse with interactive discussions, scenario-based, case-study, group exercises, video clips, power point slides, learners' Guide and the application of various tools which will be provided to help in the delegates and participants of the learning’s objectives. With successful implementation of the learnt skills they are bound to enhance Individual & Organizational growth.
  • For online / Interactive Virtual sessions, Delegate should have a stable & good Internet connection on his Laptop.

On successful completion of this training course, BK’s Certificate with eligible Continuing Professional Education credits (CPE), will be awarded to the delegates , one CPE credit is granted per 50 minutes of attendance.

Course Features

  • Core : Training
  • Category : Finance
  • Days : 5
  • Duaration : 20 Hours

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