OVERVIEW

This International Financial Reporting Standards (IFRS) training course provided delegates with a detailed understanding of International Financial Reporting Standards (IFRS). Delegates will not only improve their knowledge and understanding but also their accounting skills gaining an ability to account for transactions and prepare financial statements in accordance with the IFRS, thereby ensuring legal compliance and improved corporate governance.

The training course will also present an overview of the IFRS most relevant to your organization, adapting to the needs identified. As a result, delegates will be able to transfer knowledge and skills for the benefit of their organization.

LEARNING OUTCOMES

At the end of this training course, you will learn to:

• Follow accounting concepts & policies
• Prepare income statements & statements of financial position in accordance with IFRS
• Prepare & evaluate the cash flow statement
• Account for assets in accordance with IFRS
• Account for strategic alliances & business combinations in accordance with IFRS

Accounting for Cash Flow & Financial Instruments

• The importance of cash flow
• Preparing a statement of cash flows in accordance with IFRS 7.
• Evaluating the cash flow
• What are financial instruments & derivatives?
• IFRS 7 financial instruments: Disclosures
• IFRS 9 financial instruments

Accounting for Assets

• Tangible & intangible assets
• IAS 16: Property, plant and equipment and Depletion, Depreciation & Amortisation (DD&A)
• IAS 36: Impairment of assets
• IFRS 13 fair value measurement
• IAS 38: Intangible assets
• IAS 2 inventories