International Financial Reporting Standards (IFRS)

Course code: 7STI-202

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Course Description

International Financial Reporting Standards (IFRS) are crucial for providing investors with comprehensive information for informed decision-making. This course delves into the broader framework of IFRS, allowing participants to assess the valuation implications of financial statement elements. It covers the concepts underlying the preparation and presentation of financial statements, providing insights into capital, capital maintenance, and the construction of financial statements.

Program Benefits

  • Understand the status of international convergence of accounting standards and challenges in creating a universally accepted set of Financial Report Standards.
  • Explain the purpose of financial statements and the significance of IFRS in asset analysis and valuations.
  • Describe the IFRS structure/framework, including the goal of financial statements, qualitative characteristics, required reporting elements, and the limitations and assumptions in preparing financial statements.
  • Compare Financial Reporting Standards under IFRS with alternative reporting systems, including USGAAP.
  • Analyze developments in Financial Reporting Standards and evaluate company standards and disclosures of important accounting policies.

Topics Covered

  • Introduction to IFRS and Conceptual Framework
  • Financial Statement Presentation
  • Accounting policy, Change in Accounting Estimate and Error
  • Fair value Measurement
  • Impairment of assets
  • Property, Plant and Equipment.
  • Provision, Contingent Liability and Contingent assets.
  • Noncurrent assets held for sale and discontinued operation.
  • The effects of changes in foreign exchange rates.
  • First time adoption of IFRS
  • Investment Property
  • Related party Disclosure.
  • And Many More...

Who Should Enroll?

This program is ideal for Financial and Operational Audit Sections, as well as Accountants.

Training Methodology

The training session will involve brief conceptual presentations, participatory lectures, PowerPoint presentations, group discussions, and group exercises.

Duration: 3 days (24 hours) Delivery Date: [Insert Date]

Course Instructor: [Instructor Name] [LinkedIn Profile link] [Email]

Venue: [Insert Venue Details]

Venue: 

Note: The delivery date and venue details will be provided closer to the course commencement.

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