P2P IFRS from Principle to Practice

IFRS Training - PwC P2P IFRS

What is it?

P2P IFRS is an electronic learning solution designed by experts to improve your understanding of International Financial Reporting Standards (IFRS).
The training is highly interatcove and covers all aspsects of IFRS and their practical application in a business context.

It can be used to explore the part of IFRS you need, whenever and wherever you need it, on CD-ROM or via the web.

Why was it developed?

Companies across the world are making the change to International Financial Reporting Standards - the global corporate reporting language. The European Commission requires listed companies in the European Union to use IFRS for their consolidated accounts from 2005.

For many companies this change raises some far more challenging issues than the transition to the Euro. IFRS will impact on:

• Internal and external reporting - what system changes will be needed to produce the data for mandatory accounts?
• The key 'earnings' number, budgets, forecasts - how different will they be under IFRS and how will the market respond?
• Management rewards - how different will they be if linked to a company's performance under IFRS?

P2P IFRS was developed by IFRS experts to provide a 'just in time' solution to the knowledge gap on IFRS. It is the first step in enabling people to communicate fluently in the global language of corporate reporting. If people at all levels in your company understand what IFRS is about, managing the transition to avoid unwanted surprises in the market will be much easier to achieve.

Who is it for?

P2P IFRS was designed for executives and accounting professionals who require an introduction to IFRS or refresher training. The target audience includes:

• Analysts and anyone making business decisions based on IFRS financial statements;
• Executives involved in preparing information for IFRS financial statements;
• Financial engineers involved in structuring off-balance sheet transactions;
• Board members and managers preparing for IFRS transition; and
• Accounting professionals preparing to use IFRS for their company's financial reporting and management accounts.

What are the benefits?

Interactive - each learning module includes structured learning points that engage the user by setting them in a real business context and testing the user's understanding throughout the program.

Innovative - an electronic learning solution for IFRS that is available on a CD-ROM or via the web.

Invaluable - users will be able to put their knowledge into practice both during and after conversion of a company's financial reporting to IFRS.

Initiative - users can test their knowledge of each section and walk away with a CPE certificate to demonstrate their competence.

Just in time - unlike traditional lecture courses, users can explore the part of IFRS they need at a pace to suit them, whenever and wherever they need it.

Content Guide

19 hours of interactive e-learning broken down into 36 separate modules, each taking 20 to 60 minutes to complete. This makes it easy for users to identify which part of their learning material they need and enables them to study the modules in whatever order suits them.

P2P IFRS includes the recent updates to the IASB standards.

Modules marked with a * have had some changes.

Modules marked with ** have had significant changes.

Share based payments was changed extensively, the Non-current assets held for sale module is very different - both had new standards.

ILX is the development partner of PricewaterhouseCoopers for the P2P IFRS - from principle to practice electronic learning solution. Designed by the subject matter experts at PricewaterhouseCoopers and used internally and externally since 2001, P2P IFRS is available in a CD ROM format or as an on-line service.