International Financial Reporting Standards (IFRS) Training in London

Understanding IFRS and GAAP

International Financial Reporting Standards (IFRS) have become the predominant accounting standards worldwide, with over 100 countries requiring or allowing their use. These standards, established by the International Accounting Standards Board (IASB), are rapidly aligning with the generally accepted accounting principles (GAAP) set by the Financial Accounting Standards Board (FASB). This convergence is happening more quickly than many anticipated, underscoring the importance of understanding IFRS for professionals in the accounting field.

>Explore: Construction Management Training Courses

Comprehensive IFRS Training in London

This EuroMaTech training course offers a thorough exploration of IFRS, providing participants with essential knowledge in key areas:

• Fundamentals of Accounting and Financial Reporting: Gain insights into the basic concepts of accounting, financial reporting disclosures, and the differences between GAAP and IFRS, whether reconciling or non-reconciling.

• IFRS Compliant Financial Statements: Learn about the scope, structure, contents, and components of financial statements that comply with IFRS, including the underlying assumptions and related footnote disclosures.

• Measurement and Recognition: Understand the measurement and recognition of various elements of international accounting principles and standards, alongside any transition concerns.

• Revenue Recognition and Reporting: Delve into the requirements for revenue recognition and financial reporting under IFRS.

>Explore: Finance & Budgeting Training Courses

This course is designed to help participants appreciate both the basics and the complexities of international accounting standards. By covering the origins and development of IFRS, along with its global acceptance, participants will gain valuable insights and be well-equipped to support their organizations in adopting these standards effectively.

For more details or to register for the International Financial Reporting Standards (IFRS) Training Course and seminar in London, please contact us:

• Phone: +971-4-4571800
• Email: info@euromatech.com