1030: IFRS Basics (2 days)

In London

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Important information

Typology Course
Location London
Duration 2 Days
  • Course
  • London
  • Duration:
    2 Days

Explain how the recognition and measurement principles of the IASB's Framework apply within each accounting standard. Apply the requirements of the standards to prepare IFRS compliant financial statements. Identify an appropriate accounting policy for a given accounting issue and suggest necessary disclosures. List the standards that require or permit the use of fair value measurement, identify how fair value is measured and specify where the fair value changes are recognized. Differentiate between the requirements of current IFRS and proposed changes for the future, including prospects for global convergence of major national accounting standards.
Suitable for: People with an understanding of basic accounting principles based on any national standards. No advance preparation is required for this course.

Facilities (1)
Where and when
Starts Location
On request
London, England
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Starts On request
London, England
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Teachers and trainers (1)

Claire Dean
Claire Dean

Claire is an instructor and consultant specialising in IFRS, UK GAAP and finance training. After qualifying as a Chartered Accountant Claire moved into training, delivering exam based courses for various financial qualifications and provided IFRS training to Ernst & Young's qualified staff. Claire then joined Ernst & Young’s Financial Reporting Advisory team in London as a Senior Manager. In this role she provided technical advice in all aspects of UK GAAP and International Financial Reporting Standards (IFRS) to clients of E&Y, including working on IFRS conversions.

Course programme

This two-day course is an introduction to key technical issues involved in understanding and applying IFRS.

The program, presented through the use of case studies and real-world examples, include:

  • Financial statement presentation and specific disclosure requirements (operating segments, events after the reporting period, statement of cash flows, related parties, changes in accounting policies, changes in accounting estimates, correction of errors, and discontinued operations)
  • Revenue recognition
  • Recognition and measurement of assets (property, plant & equipment, intangible assets and inventories) including the accounting treatment of impairment and assets held for sale

Also included are discussions of:

  • Provisions and other liabilities (including employee benefits)
  • Share-based payment
  • Consolidated financial statements, including Special Purpose Entities
  • Financial instruments
  • Discussion of new developments

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