Introduction
International Financial Reporting Standards (IFRS) provide a consistent global framework for financial reporting. This course equips participants with practical knowledge of IFRS principles, application methods, and compliance requirements. Through real-world examples, learners gain confidence in applying IFRS to complex financial transactions.
Course Objectives
- Understand IFRS structure, principles, and key standards.
- Apply IFRS rules to financial statements.
- Recognize major differences between IFRS and other standards.
- Prepare compliant disclosures and notes.
- Strengthen organizational IFRS reporting practices.
Target Audience
- Accountants and senior finance staff.
- Auditors and compliance officers.
- Controllers and reporting specialists.
- Financial analysts reviewing IFRS-based reports.
- Anyone working in IFRS-reporting environments.
Course Outline
- 5 Sections
- 0 Lessons
- 5 Days
Expand all sectionsCollapse all sections
- Day 1: IFRS Framework & Principles• Overview of IFRS standards and governance.
• Conceptual framework for financial reporting.
• Key definitions: assets, liabilities, equity, income, expenses.
• IFRS transition challenges.
• T&T: IFRS framework guides, compliance checklists.0 - Day 2: Revenue Recognition (IFRS 15)• Five-step revenue recognition model.
• Contract analysis and performance obligations.
• Transaction price allocation.
• Case examples across industries.
• T&T: Revenue recognition matrix, contract assessment tools.0 - Day 3: Lease Accounting (IFRS 16)• Identifying lease arrangements.
• Right-of-use assets and lease liabilities.
• Measurement, presentation, and disclosures.
• Practical lease accounting scenarios.
• T&T: Lease calculation spreadsheets, IFRS 16 templates.0 - Day 4: Financial Instruments (IFRS 9)• Classification and measurement categories.
• Expected credit loss model.
• Hedge accounting basics.
• Case study: Risk management and hedging.
• T&T: ECL calculators, hedge effectiveness tools.0 - Day 5: Consolidation & Disclosures• Consolidation rules and group structures (IFRS 10).
• Subsidiaries, associates, and joint arrangements.
• Preparing IFRS-compliant notes and disclosures.
• Group presentation: IFRS case application.
• T&T: Consolidation worksheets, disclosure templates.0
Instructor
Lessons:
