Location
UAE, Dubai
Dates
Dates flexible (5 days)
Course Type
Professional Training Course
Accreditation
Yes (Details)
Language
English
Price
$3,500 $2,975 only

Course Overview

International Financial Reporting Standards (IFRSs) are the world’s most widely applied accounting standards. It has been implemented or used nearly by 120 countries worldwide. In the European Union, 7000 public companies have permitted its use. Most of the other companies are also trying to meet IFRSs standards.

This course will enable the participants to learn all major technical IFRS requirements. The course comprises of illustrative financial statements, case studies, coverage of the most significant IFRSs, and interactive participation from the delegates. Course participants will also learn the new IFRSs requirements related to revenue, leases, and financial instruments.

This program answers questions such as:

  • What are the existing and future requirements of IFRSs?
  • How IFRSs measurement principles applied?
  • What are the ways to get information about IFRSs?
  • What is the appropriate time to have fair value measurements?

Who should take this course

Finance and accounts personnel, company secretaries and others who are responsible for producing, maintaining ifrs -compliant financial statements.

Accreditation

IKL Certificate

Course content

Describe IFRSs

  • Brief history of IFRSs
  • Conceptual Framework
  • Fair value measurement (IFRS 13)

Content of IFRS Financial Statements

  • Presentation of financial statements (IAS 1)
  • Statement of cash flows (IAS 7)
  • Accounting policies, changes in accounting estimates and errors (IAS 8)
  • Events after the reporting period (IAS 10)
  • Operating segments (IFRS 8)
  • Related party disclosures (IAS 24)
  • Earnings per share (IAS 33)
  • Interim financial reporting (IAS 34)
  • Discontinued operations (IFRS 5)

Assets

  • Inventories (IAS 2)
  • Property, plant & equipment (IAS 16)
  • Borrowing costs (IAS 23)
  • Intangible assets (IAS 38)
  • Investment property (IAS 40)
  • Impairment of assets (IAS 36)
  • Non-current assets held for sale (IFRS 5)

Liabilities

  • Leases (IAS 17, SIC-27, and IFRIC 4)
  • Employee benefits (IAS 19)
  • Provisions, contingent liabilities and contingent assets (IAS 37)
  • Share-based payment (IFRS 2)

Financial Instruments

  • Financial assets and liabilities, hedging and derivatives (IAS 32, IAS 39, IFRS 9)
  • Financial instrument disclosures (IFRS 7)

Income Taxes

  • Income taxes (IAS 12)

Revenue Recognition

  • Revenue (IAS 18, IFRIC 13 and 18)
  • Construction contracts (IAS 11)
  • Revenue from Contracts with Customers (IFRS 15)

Foreign Currency Issues

  • The effects of changes in foreign exchange rates (IAS 21)

Business Combinations, Consolidations, Associates & Joint Arrangements

  • Business combinations (IFRS 3)
  • Consolidated financial statements (IFRS 10)
  • Separate financial statements (IAS 27)
  • Investments in associates and joint ventures (IAS 28)
  • Joint arrangements (IFRS 11)
  • Disclosure of interests in other entities (IFRS 12)

Review of Specialized Areas

  • Accounting for government grants and disclosure of government assistance (IAS 20)
  • Accounting and reporting by retirement benefit plans (IAS 26)
  • Financial reporting in hyperinflationary economies (IAS 29)

Transitioning to IFRSs - First-time adoption of IFRSs (IFRS 1)

Expected Future Developments

  • IASB Work Plan

About Course Provider

Institute of Knowledge and Leadership (IKL) has emerged on the global map of learning, talent development and executive education as a highly advanced and qualified training platform. IKL is based in Dubai and serves prominent clients from across the MENASA region.

The distinctive factor about IKL is its significant, highly qualified and skilled pool of global trainers, primarily equipped with state of the art training methods and techniques coupled with the passion to share knowledge and to co - create a value proposition with organizations and their teams. IKL has trainers across the globe from 25 nationalities, over 200+ knowledge areas, and with a cumulative training, knowledge creation, sharing, and dissemination experience for over 1000+ years with over 2 million participants globally.