About This Course
As global business practices become increasingly interconnected, the adoption of International Financial Reporting Standards (IFRS) is essential for financial professionals aiming to navigate the complexities of international financial reporting. The “IFRS Mastery” course is designed for accounting and finance professionals, auditors, and business leaders seeking a comprehensive understanding of IFRS principles and their practical application.
Learning Objectives
Become aware of the case for Corporate Governance and International Financial Reporting Standards
Identify the creative accounting methods adopted by companies when preparing their financial statements
Appreciate the Lessons Learnt from accounting scandals such as the Enron and World Com cases
Gain an understanding of the Structure of IFRS
Become aware of the adoption of IFRS, Current Issues/IFRS Convergence Projects and the Problems of Convergence
Present Financial Statements under IFRS
Balance sheet: statement of financial position
Income statement: statement of comprehensive income
Cash flow statement: statement of cash flows
Statement of changes in equity
Statement of recognized income or expense ("SORIE")
Notes, including a Summary of the Significant Accounting Policies
Gain an understanding of the major IFRS
Evaluate and analyze financial statements and the impact of IFRS
Target Audience
- All Employees
Curriculum
16h
Introduction to IFRS and presentation of financial statements
IFRS rules for current assets and liabilities
IFRS rules for non-current assets and liabilities
Financial assets (IFRS 9)
Revenue from contracts with customers (IFRS 15)
IFRS 16, Leases
Free
