HCA Global Consult Limited > International Courses > International Financial Reporting Standards (IFRS) Workshop

International Financial Reporting Standards (IFRS) Workshop

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Program Overview:

IFRS is an internationally accepted framework that facilitates the proper organization and reporting of financial information. It is currently adopted by more than 120 countries across the globe. IFRS standards are designed to maintain credibility and the transparency in the financial world which enables investors and business entities to make appropriate decisions.

This 5 days course covers the IFRS standards in depth, providing the thorough understanding of existing principles whilst covering the recent updates.

For Whom:

This program is a designed for those, who already have good knowledge and experience in finance & accounting field such as Accountants & Auditors, Financial Directors, Officers, and Executives & Analysts. Bankers & Investment bankers, Professionals involved in reporting using IFRS

Learning Objectives:

At the end of the program, participants will be able to;

Have a good working knowledge of the most important IFRS standards to know which principles are relevant and important to their organization, ministry, department and agency
How to move from GAAP to IFRS
Have a sound knowledge of the issues surrounding how these standards can be applied in practice their organizations
Understand the reasons why most organizations across the world are now using IFRS and the countries that have adopted IFRS in the recent past and the ones that are likely come on board.

Course Outline:

Day 1: Introduction to IFRS

Overview of IFRS principles and concepts
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

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

Day 3: Financial Tools

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

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

Day 5: Recent 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

Note: There will be London city tour on day 5

The Course Package: Includes: Course material in soft copy, Tea break, Lunch, City tour, and certificate of attendance. A laptop with the soft copy of the course material loaded with a carrying bag will be presented to the participants at the end of the course.

Note: Payment is either U$D or the prevailing parallel market rate. We do not accept government official rate.

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