An Intensive 5-day Training Course
Advanced International Financial Reporting Standards (IFRS)
Comprehending Global Financial Reporting and Compliance
CLASSROOM DATES
INTRODUCTION
The Advanced International Financial Reporting Standards (IFRS) Training Course is designed for professionals seeking a deeper understanding of IFRS and its practical application across industries. As the most widely adopted financial reporting standards globally, IFRS plays a critical role in ensuring transparency, consistency, and comparability in financial reporting. This IFRS Training Course provides an in-depth exploration of advanced IFRS topics, focusing on complex standards and industry-specific applications in sectors such as oil & gas, banking, and aviation.
Participants will gain practical insights into implementing and complying with IFRS requirements, understand the latest updates and newly issued standards, and explore ongoing International Accounting Standards Board (IASB) projects. The program is tailored for those with prior IFRS knowledge, either through an introductory course or substantial hands-on experience with IFRS-compliant financial statements.
This International Financial Reporting Course will emphasize:
- The application of advanced IFRS standards in specific industries.
- Understanding newly released standards and their impact on financial reporting.
- Disclosure and accounting requirements for group financial statements.
- Practical strategies for implementing complex IFRS requirements.
TRAINING OBJECTIVES
By completing this Advanced IFRS Course, participants will:
- Gain a comprehensive understanding of recently issued IFRS standards and IASB projects.
- Learn the practical application of complex IFRS standards across various industries.
- Develop expertise in the disclosure and reporting requirements for group financial statements.
- Understand the implications of IFRS for industry-specific financial reporting challenges.
- Enhance analytical skills for interpreting and applying IFRS standards effectively.
WHO SHOULD ATTEND?
This IFRS Training Course is ideal for professionals who have attended an introductory IFRS program or have substantial experience working with IFRS-compliant financial statements, including:
- Accounting Professionals and Financial Executives
- Auditors and Financial Analysts
- Bankers and Investment Bankers
- Professionals involved in preparing, presenting, or analyzing IFRS-based financial statements
TRAINING METHODOLOGY
This course employs an interactive approach to learning, featuring:
- Clear explanations of IASB technical requirements in a practical, accessible format.
- A review of the rationale and objectives behind IFRS standards.
- Analysis and evaluation of case studies, examples, and exercises illustrating the application of standards.
- Exploration of real-life examples and current issues to reinforce practical understanding.
- Encouraged active participation and discussions to facilitate deeper learning.
TRAINING SUMMARY
This Advanced International Financial Reporting Standards (IFRS) Training Course equips participants with the knowledge and skills to navigate the complexities of global accounting standards. Participants will gain valuable insights into the evolution of IFRS, current developments, and future trends. By mastering advanced IFRS concepts, terminology, and applications, participants will enhance their ability to contribute strategically to their organizations' adoption and utilization of these standards.
Key takeaways include:
- Enhanced understanding of IFRS standards and their practical implications.
- Knowledge of industry-specific IFRS applications.
- Improved analytical and problem-solving skills in financial reporting.
- The ability to contribute effectively to IFRS compliance and reporting processes within organizations.
This program empowers professionals to remain at the forefront of financial reporting, ensuring organizational alignment with global standards and best practices.
TRAINING OUTLINE
Day 1: IFRS Overview and Specific Industries
- Overview of IFRS Principles and Concepts
- The latest on world adoption of IFRS
- First time adoption of IFRS
- IAS 1 – Presentation of Financial Statements
- IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors
- IAS 18 – Revenue
- IFRS 6 – Exploration for and evaluation of Mineral Resource
- The “Successful Efforts” (SE) Method or the “Full Cost” (FC) Method
- Proved Oil and Gas Reserves – disclosures and impact on financial statements
- Case Studies
Day 2: Technical Standards
- IAS 12 – Income Taxes
- IAS 19- Employee Benefits
- IAS 33 – Earnings per Share
- IAS 34 – Interim Financial Reporting
- IFRS 5 – Discontinued Operations
- IFRIC 12 – Service Concession Arrangements
- IFRIC 20 – Stripping Costs in the Production Phase of a Surface Mine
- Case Studies
Day 3: Financial Instruments
- IAS 39 – Recognition and Measurement
- IFRS 2- Share-based Payments
- IFRS 7 – Disclosures
- IFRS 13 – Fair Value Measurement
- IFRIC 16 – Hedges of Net Investment in Foreign Operations
- IFRIC 19 – Extinguishing Financial Liabilities with Equity Instruments
- Case studies
Day 4: Group Reporting
- IAS 28 – Investments in Associates
- IFRS 3 – Business Combinations
- IFRS 8 – Segment Reporting
- IFRS 10 – Consolidated Financial Statements
- IFRS 11 – Joint Arrangements
- IFRS 12 – Disclosure of Interest in Other Entities
- Case Studies
Day 5: New Standards and Practical Implications
- IFRS 9 – Financial Instruments
- IFRS 14 – Regulatory Deferral Accounts
- IFRS 15 – Revenue from Contracts with Customers
- IFRS 16 – Leases
- Future developments
- IFRS and Statutory Audit Procedures
- Case Studies and Practical Implementation
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ACCREDITATION
EuroMaTech is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.
The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE. We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.
FAQ
Do you provide assistance with hotel accommodation?
Yes, we can assist you with the following:
- Corporate Discount: If available, we can extend our corporate discount for your stay at selected hotels.
- Hotel Suggestions: We can provide recommendations for nearby hotels based on your preferences and budget.
Feel free to explore online booking platforms for the most cost-effective options.
Do you offer customized training for organizations?
Yes, we provide tailored training solutions designed to meet the specific needs of your organization. Customized courses can be delivered either in-person or online, and you can select the dates and duration that best fit your schedule. For more details, please contact us at [email protected]
What types of training formats do you offer?
We provide two flexible training formats to suit your preferences:
- Classroom Training: Experience in-person learning with expert instructors. Engage in interactive discussions, hands-on activities, and benefit from face-to-face networking.
- Online Training: Join live online sessions from anywhere, offering flexibility for those with busy schedules or who prefer remote learning.
- In-House Training: We can bring our training directly to your organization, allowing for tailored sessions that address your specific needs and objectives.
Can you assist with visa arrangements?
Yes, we can help by issuing an official Letter of Invitation once you’ve confirmed your training registration, which can assist in your visa application process.
Who will be the senior consultant leading the training?
We are happy to share the profiles of our expert instructors. To learn more about their qualifications and experience, please contact us [email protected]
