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 updated IFRS Training Course reflects the latest amendments effective January 1, 2024, offering 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 recently issued standards like IFRS 18 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:
- Application of newly released standards, including IFRS 18 and IFRS S1 & S2.
- The application of advanced IFRS standards in specific industries.
- 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 recent updates, including IFRS 18 and sustainability-related disclosures.
- 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 training 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 such as amendments to IFRS 16 and IAS 1, 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 the latest IFRS updates 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: Overview of IFRS Framework and Recent Updates
Introduction to IFRS
- The global significance of IFRS in financial reporting.
- Objectives and fundamental principles of the IFRS framework
Recent Amendments and Updates (Effective January 1, 2024)
- Lease Liability in a Sale and Leaseback (Amendments to IFRS 16).
- Classification of Liabilities as Current or Non-Current (Amendments to IAS 1).
- Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7).
New Standards
- Introduction to IFRS 18: Presentation and Disclosure in Financial Statements.
Day 2: Financial Instruments and Revenue Recognition
IFRS 9 – Financial Instruments
- Overview of classification, measurement, and impairment.
- Hedging strategies and accounting treatment.
IFRS 15 – Revenue from Contracts with Customers
- Revenue recognition principles.
- Application across various industries
Future Amendments
- Updates on classification and measurement of financial instruments (Effective January 1, 2026
Day 3: Leases and Consolidation
IFRS 16 – Leases
- Identification of lease contracts.
- Lessee and lessor accounting.
- Impact of sale and leaseback transactions under the latest amendments.
IFRS 10 – Consolidated Financial Statements
- Principles of control.
- Consolidation procedures and special-purpose entities.
Day 4: Industry-Specific Applications
Oil & Gas Industry
- Revenue recognition and asset valuation.
- Specific disclosure requirements.
Banking Sector
- Loan impairment and provisioning.
- IFRS 9’s impact on financial institutions.
Aviation Industry
- Accounting for leasing agreements and aircraft acquisitions.
- Revenue recognition challenges.
Day 5: Emerging Trends and Future Developments
Sustainability Reporting
- Introduction to IFRS S1 and IFRS S2 (Sustainability-Related Financial Disclosures).
- Integration of sustainability metrics in financial reporting.
Upcoming Standards
- IFRS 19: Subsidiaries without Public Accountability (Simplified Disclosures).
- Future projects and direction of IFRS standard-setting.
Panel Discussion
- Insights into practical challenges and solutions.
- Preparing for future changes in financial reporting standards.
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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
What makes EuroMaTech a leader in professional training?
EuroMaTech stands out as a leader in training and professional development due to:
- 30+ years of experience delivering high-impact training courses across industries.
- Accreditations from leading institutions, ensuring top-tier course quality and recognition.
- A portfolio of thousands of training courses, serving professionals at every level.
- A focus on innovation and future-ready learning models, including blended and digital training.
- Long-term partnerships with organizations globally, ensuring sustained success through talent development.
How can I register for a EuroMaTech training course?
To register for a training course, you can:
- Visit the EuroMaTech website, browse the available courses, and follow the online registration process.
- Contact EuroMaTech’s support team for assistance with course selection or inquiries about corporate training solutions.
Does EuroMaTech offer international training courses?
Yes, EuroMaTech delivers training courses in major cities worldwide, including locations across Europe, Asia, Africa, and the Middle East, in addition to its extensive presence in Dubai.
Where are EuroMaTech’s training courses held?
EuroMaTech conducts its training courses at prestigious venues across Dubai and other major international cities. Additionally, virtual training options are available, allowing participants to join courses remotely from anywhere in the world.
What ISO training courses does EuroMaTech offer?
EuroMaTech provides a range of ISO certification and compliance training courses, including:
- ISO 9001 – Quality Management Systems Training
- ISO 45001 – Occupational Health & Safety Management Training
- ISO 14001 – Environmental Management Systems Training
These courses help organizations adopt internationally recognized standards and improve their overall performance.
How does EuroMaTech ensure the quality of its training courses?
EuroMaTech ensures the highest standards by:
- Partnering with globally recognized accrediting bodies such as ILM, CPD, PMI, NEBOSH, and HRCI.
- Designing training courses with a focus on practical, real-world applications.
- Using experienced instructors with industry expertise.
- Continuously updating course content to reflect current trends and best practices.
Does EuroMaTech provide customized corporate training courses?
Yes, EuroMaTech specializes in tailored corporate training courses designed to meet the unique needs of organizations. These customized courses are ideal for businesses seeking to upskill teams across different departments or regions.
How many professionals have attended EuroMaTech’s training courses?
EuroMaTech has successfully delivered thousands of training courses, with thousands of professionals from over 50 countries attending annually.
What industries does EuroMaTech serve through its training courses?
EuroMaTech provides specialized training courses for a wide range of industries, including:
- Oil & Gas
- Energy & Power
- Construction & Infrastructure
- Banking & Finance
- Healthcare
- Telecommunications
- Logistics & Supply Chain
- Aviation & Aerospace
- Government & Public Sector
- Hospitality & Tourism
- Information Technology & Cybersecurity
- Human Resources & Talent Management
Are EuroMaTech’s training courses accredited?
Yes, EuroMaTech’s training courses are accredited by globally recognized institutions, ensuring high-quality, internationally respected certifications. Key accreditations include:
- ILM (Institute of Leadership & Management)
- CPD (Continuing Professional Development Certification Service)
- PMI (Project Management Institute)
- NEBOSH (National Examination Board in Occupational Safety and Health)
- HRCI (Human Resource Certification Institute)
What types of training courses does EuroMaTech offer?
EuroMaTech offers a diverse portfolio of training courses designed to meet the needs of professionals at all levels. These include:
- Leadership & Management Development Training
- Technical & Engineering Training Courses
- Project & Risk Management Training
- Health, Safety & Environmental (HSE) Training
- Finance & Accounting Training Courses
- ISO Compliance & Certification Training
- Human Resources & Talent Management Training
- Soft Skills & Communication Training Courses
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 inhouse@euromatech.com
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 info@euromatech.com
