International Financial Reporting Standards (IFRS) For Accountants
Details
By the end of the program, participants will be able to:
- Develop a sound understanding of International Financial Reporting Standards (IFRS) and their impact on financial reporting
- Properly account for transactions affecting assets, liabilities and owner’s equity according to IFRS
- Prepare financial statements with related notes and disclosures that are compliant with IFRS
Outline
Statement of Financial Position
. Elements of statement of financial position
. Forms and formats
. Classification of assets and Liabilities
. Classification of stockholders equity
Comprehensive Income
. Concepts of comprehensive income
. Recognition and Measurement
. Items on the income Statement
. Components of other comprehensive income
Statement of changes in equity and Statement of cash flows
. Disclosures and Alternative
. Reporting Non Controlling interests
. Operating, Investing and financing cash flows
Accounting for assets:
. Cash and Receivables
. Measuring and Valuing of Inventory
. Property, Plant and Equipment
. Accounting for Investment Property
. Intangible assets and Research and Development (R&D) costs
. Fair value measurement
Liabilities And Stockholders’ Equity
. Current Liabilities and Accruals
. Accounting for Contingencies
. Long-term Liabilities
. Accounting for debt and equity Transactions
. Capital Retained Earnings Reserves
Revenue recognition:
. Concepts, Rules and Examples
. Revenue Recognition Criteria
. Measurement of Revenue
FOR WHOM: Accountants, Auditors, Treasurers, Finance Manager and others who want to update or sharpen their knowledge in IFRS.
TRAINING METHODOLOGY
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their dutiesSpeaker/s
Special Offer
Schedules
Tue, Wed, Thu, Fri | 10:00 AM — 04:00 PM |
No. of Days: | 4 |
Alpha Partners is a reputable firm of Training and Management Consultants with many years of corporate training experience in Finance, Accounting, Auditing, Banking, Management, Information Technology, Oil and Gas Sector, Security, Engineering, Public Relations, Secretarial Studies, Leadership, Marketing and other fields of human endeavour.
We are one of the leading players in the profession. Our firm, a multi-disciplinary one with highly talented, experienced and dedicated partners and staff who have experiences in different facets of working life was established in 1996 and has branches in Lagos, Enugu and Awka.
We offer a wide range of professional services, which covers audits, accounting, finance, taxation, ICT, security, engineering, insurance, human resources management, secretarial and consultancy services in all ramifications.
Our numerous clients attest to the high quality services we offer which contribute in no small measure in ensuring sound and efficient management of their resources.