IFRS Fundamentals - Comprehensive Workshop (Virtual Classroom)

Course

Online

£ 3,500 VAT inc.

Description

  • Type

    Course

  • Level

    Beginner

  • Methodology

    Online

  • Class hours

    32h

  • Duration

    8 Days

This online IFRS training is being delivered live in 8 individual sessions which run on consecutive days. The sessions will run each day from 13:00 – 17:00 London (UK).

You can learn more about our virtual, online courses and how they work on our course FAQ page. Or view our Virtual Classroom schedule to see what else is being delivered live in our online classrooms. If you don’t see the IFRS training topic, you are looking for, or if you would like an online classroom in another timezone, please tell us.

International Financial Reporting Standards (IFRSs) are the world’s most widely applied accounting standards. More than 140 countries require or permit the use of IFRSs.

This 8 session virtual online course provides a rigorous and detailed overview of the major technical IFRS requirements, and includes illustrative financial statements, case studies, examples, quizzes, and interactive participation from delegates.

For many entities, disruption caused by the coronavirus pandemic presents significant challenges in applying IFRSs. The course will highlight the areas most likely to be affected and develop practical approaches in response.

About this course

- Apply the requirements of the standards to prepare IFRS compliant financial statements, including determining accounting policies and identifying required disclosures
- Apply IFRS fair value measurement and impairment testing requirements
- Learn how to recognise and measure liabilities in accordance with relevant IFRSs
- Implement the standards dealing with business combinations and the treatment of interests in other entities
- Develop methods of presenting financial statements and drafting useful disclosures

- Accountants in finance and reporting teams that prepare IFRS financial statements
- External and internal auditors
- Financial and credit analysts who review financial statements

A reasonable prior knowledge of the technical requirements of IFRSs. No advance preparation is required for this course.
All attendees must have a stable internet connection and webcam. Attendees will be live on camera with the instructors and other participants for the duration of each session.

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Reviews

Subjects

  • Financial
  • Financial Training
  • IFRS
  • IAS
  • Financial Reporting
  • Investment
  • Finance Market
  • Financial Management
  • Finance Economics
  • Financial Services

Teachers and trainers (1)

Instructor TBC

Instructor TBC

Instructor

Course programme

Introduction to IFRSs

  • IFRS standard setting
  • 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)
  • Discontinued operations (IFRS 5)
  • Events after the reporting period (IAS 10)
  • Operating segments (IFRS 8)
  • Interim financial reporting (IAS 34)

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)

Liabilities

  • Leases (IFRS 16)
  • Employee benefits (IAS 19)
  • Provisions, contingent liabilities and contingent assets (IAS 37)

Financial Instruments

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

Income Taxes

  • Income taxes (IAS 12)

Revenue

  • Revenue from contracts with customers (IFRS 15)

Government grants

  • Accounting for government grants (IAS 20)

Foreign Currency Issues

  • Effects of changes in foreign exchange rates (IAS 21)

Business Combinations and Interests in Other Entities

  • Business combinations (IFRS 3)
  • Consolidated financial statements (IFRS 10)
  • Investments in associates and joint ventures (IAS 28)
  • Joint arrangements (IFRS 11)

IFRS Fundamentals - Comprehensive Workshop (Virtual Classroom)

£ 3,500 VAT inc.