International Financial Reporting Standards (IFRS) course
Details
Introduction
IFRS Financial Reporting Course will cover most of the International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS).The course consist of power point presentation of conceptual framework of various IAS and IFRS standards. It includes objective recognition criteria, measurement bases, disclosures etc of all specific IASs and IFRSs.It will help in gain understanding of global accounting standards and their practical use in the preparation of financial statements like Statement of Financial Position, Income Statement, other comprehensive income, Statement of Equity etc.
Duration
5 days
Course Objective:
o Objective of general purpose financial reporting.
o Understanding the Financial statements
o Recognition criteria for assets and liabilities.
o Understanding the principles and concepts of accrual basis for accounting and the going concern assumption.
o Principle of capital and capital maintenance
o Objectives, recognition, Measurement bases, disclosures of various IFRS and IAS standards
Course content
Introduction
IFRS Conceptual Framework and Bodies associated, IAS 1, IAS 8
Income Standards
o IAS 18 Revenue
o IAS 11 Construction Contracts
Assets Standards
o IAS 2 – Inventories
o IAS 16- Property, Plant and Equipment
o IAS 20 Government Grants
o IAS 23 Borrowing Costs,
o IAS 17 Leases
o IAS 38- Intangible Assets
o IAS 40- Investment Property
o IAS 41 Agriculture,
o IAS 36 Impairment of Assets,
o IFRS 6 Exploration & Evaluation
Liabilities Standards
o IAS 37 Provisions, Contingent Liabilities & Assets
o IAS 19- Employee Benefits
o IFRS 2 Share-based Payment
o IAS 12 Income Taxes, IAS 32 Financial Instruments
o IAS 39, IFRS 7,
o IFRS 9 (Financial Instruments)
Other Standards
o IAS 21- Effects in changes in Foreign Exchange,
o IFRS 3: Business Combination
o IFRS 11 Joint Arrangements,
o IFRS 12 Disclosures
o IFRS 13 Fair Value Measurement
Disclosures Standards
o IAS 33Earning per Share
o IFRS 8: Operating Segments
o IFRS 5 Non-current Assets Held for Sale and Discontinued
o IAS 10 Events after the Reporting Period
o IAS 24 Related Party Disclosure
o IAS 34 Interim Reporting
o IFRS 1: First- time Adoption of IFRS
Training Approach
This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.
Tailor-Made Course
This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: [email protected] Tel: +254 721 331 808 website: www.upskilldevelopment.com
Upskill Development Institute is a leading provider of training, research and consultancy services to international organizations. We assist our clients to improve their skills and confident by offering the best possible solutions to enable them fulfill their objectives for a sustainable result. We strive to improve the quality and accessibility of the training by creating an environment that ensures successful learning from start to finish. Choosing an institution that supports your needs and understands your goals can be a challenge. We aim to eliminate this overwhelming process by providing you with high-quality solutions and courses that fully encompass the shifting tides of the different fields.
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