International Financial Reporting Standards (IFRS) Training

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Date Duration Venue Fees
02-06 Oct 2023 5 Days Dubai - UAE US$3,450 Register
04-08 Dec 2023 5 Days Dubai - UAE US$3,450 Register
05-09 Feb 2024 5 Days Dubai - UAE US$4,450 Register
03-07 Jun 2024 5 Days New York - USA US$6,450 Register
30 Sep-04 Oct 2024 5 Days Dubai - UAE US$4,450 Register
02-06 Dec 2024 5 Days Dubai - UAE US$4,450 Register

Course Overview

What is IFRS? IFRS means International Financial Reporting Standards. They are issued by an independent body called as International Accounting Standards Board. (IASB).  IFRS are accounting standards which should be applied by an organization when they prepare and present the financial statements.

Why you need to attend this International Financial Reporting Standards (IFRS) Training Program? Many organizations have expanded their businesses and now operate in more than one country. These organizations must follow the International rules regarding the presentation of financial statements.

In the past, such organisations faced problems in complying with a different set of accounting rules and often it results in following different treatment for similar transactions. IFRS addresses these problems by providing a single set of high quality, accounting standards which are recognised internationally.

At present more than 150 countries follow IFRS for their local reporting. With these number of countries opting for IFRS, the demand for finance professionals with a qualification in IFRS is increasing globally.

This International Financial Reporting Standards (IFRS) Training Program will empower you in understanding IFRS by providing practical and detailed knowledge of the key international financial reporting standards (IFRS) and how they are interpreted and applied.

Course Objectives

The objective of this training is to help you in developing your knowledge and understanding of International Financial Reporting Standards. You will also learn how to apply them, as well as the concepts and principles which underpin them.

By the end of this training course you will be able to:

  • Learn the key principles of Conceptual Framework for Financial Reporting
  • Learn the financial reporting standards applicable to key elements of financial statements
  • Learn the disclosure requirements for organisations in financial reports and notes
  • Learn the aspects related to consolidated financial statements including subsidiaries, associates and joint arrangements

Target Audience

  • All accounting professionals involved in the preparation of financial statements
  • Financial controllers, finance managers, financial systems analysts, senior accountants, financial accountants, management accountants, general ledger accountants, assistant accountants, accounts receivable accountants, accounts payable accountants, payroll accountants
  • Decision-makers who depend on timely and accurate financial information
  • Chief Financial Officers (CFOs), finance directors and strategic planners

Training Methodology

This interactive International Finance Reporting Standards (IFRS)  training course will present an explanation of all IASB technical requirements in a clear, practical format, including an overall review of the rationale and objectives for all IASB standards that are included in the programme. In addition, active participation by participants through a combination of direct instruction, analysis and evaluation of practical case studies, examples and exercises to illustrate application of the standards as well as current and future issues and other “real life” examples will be encouraged.

Course Outline

Day One

Introduction to the IFRS

  • International Accounting Standards Board (IASB) and IFRS Foundation Relationship
  • International Accounting Standards (IAS Standards), and International Financial Reporting Standards (IFRS Standards) that are currently in issue
  • Conceptual Framework for Financial Reporting
  • The status and practice of IFRS standards around the world

Accounting for Assets under IFRS

  • Property, Plant & Equipment
  • Inventory
  • Intangible Assets
  • Investment Property
  • Leases
  • Borrowing Costs
  • Agriculture
  • Government Grants and Disclosure of Government Assistance
  • Impairment of Assets
Day Two

Accounting for Revenue Recognition

  • Revenue from Contracts with Customers
  • Contract Costs

Accounting for Liabilities

  • Provisions
  • Contingent Liabilities
  • Lease Liabilities
  • Income Taxes
  • Employee Benefits
  • Share based payments
Day Three

Financial Instruments

  • Financial Assets, Financial Liabilities & Equity
  • Recognition of Financial Instruments
  • Fair Value Measurement
  • Impairment of Financial Assets
  • Hedging and Hedge Accounting

Presentation of Financial Statements

  • Presentation of Financial Statements
  • Statement of Cash Flows
  • Interim Financial Reporting
  • Selection of Accounting Policies and Accounting Estimates
  • Events after the reporting period
Day Four

Group Financial Statements

  • Business Combination
  • Consolidated Financial Statements
  • Separate Financial Statements
  • Associates & Joint Ventures
  • Effects of Changes in Foreign Exchange Rates
Day Five

Other IFRS Standards

  • Related Party Disclosures
  • Earnings Per Share
  • Exploration and Evaluation of Mineral Resources
  • Assets Held for Sale and Discontinued Operations
  • First time adoption of IFRS
  • IFRS for SME’s


Upon successful completion of this training course, Newage Certificate will be awarded to the delegates.

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