International Financial Reporting Standards (IFRS) Training

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.