International Financial Reporting Standards (IFRS)

IFRS plays a crucial role in promoting transparency, comparability, and consistency in financial reporting across borders, making it essential for professionals in the field of accounting and finance.
  • Course Schedule

Classroom Sessions:

DateVenuePrice
13 - 17 May 2025
Abuja - Nigeria
$ 5,950
29 Jul - 02 Aug 2025
Doha - Qatar
$ 5,950
  • Course Description

INTRODUCTION

The International Financial Reporting Standards (IFRS) course provides participants with a comprehensive understanding of the globally recognized accounting standards that facilitate the preparation and presentation of financial statements. IFRS plays a crucial role in promoting transparency, comparability, and consistency in financial reporting across borders, making it essential for professionals in the field of accounting and finance.

WHY IT MATTERS

Global Standardization: IFRS is adopted by many countries around the world, promoting consistency and comparability in financial reporting across borders. Understanding IFRS is crucial for businesses operating internationally. Investor Confidence: IFRS enhances transparency and accuracy in financial reporting, thereby increasing investor confidence and facilitating global investment. Regulatory Compliance: Many countries require or permit the use of IFRS for financial reporting by public companies. Compliance with these standards is essential for meeting regulatory requirements.

OBJECTIVES

  1. Comprehensive Understanding: Provide participants with a deep understanding of IFRS principles and their practical application in financial reporting.
  2. Application Skills: Develop participants’ skills to apply IFRS in real-world scenarios, ensuring accurate and reliable financial reporting.
  3. Global Perspective: Enable participants to view financial reporting from a global perspective, understanding the implications of IFRS on international business operations.

WHO SHOULD ATTEND ?

This course is designed for:

  1. Accounting Professionals: Accountants, auditors, and financial analysts seeking to enhance their knowledge and skills in IFRS.
  2. Finance Managers: Professionals involved in financial management, planning, and decision-making.
  3. Regulatory Compliance Officers: Individuals responsible for ensuring compliance with financial reporting regulations.
  4. International Business Professionals: Executives and managers working in multinational companies where IFRS is adopted for financial reporting.
  • Course Outline

DAY 1

Introduction to IFRS and Framework

  • Overview of IFRS and its evolution
  • Structure and content of IFRS
  • IFRS conceptual framework

DAY 2

Presentation of Financial Statements

  • Income statement and comprehensive income
  • Statement of financial position (balance sheet)
  • Cash flow statement

DAY 3

Specific IFRS Standards (e.g., IAS 16, IAS 36)

  • Property, plant, and equipment
  • Impairment of assets

DAY 4

Revenue Recognition and Financial Instruments

  • IFRS 15: Revenue from Contracts with Customers
  • IFRS 9: Financial Instruments

DAY 5

Group Accounting and Other Advanced Topics

  • IFRS 10: Consolidated Financial Statements
  • Other advanced topics and case studies
  • Review and Q&A session
  • Options & Brochure
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