Certificate in International Financial Reporting Standards

Code Date City Fees Register
E010 March 31, 2024 - April 4, 2024 Istanbul $ 5000

Register Course..

E010 July 28, 2024 - August 1, 2024 Dubai – UAE $ 5000

Register Course..

E010 October 1, 2024 - October 3, 2024 Dubai – UAE $ 3000

Register Course..

E010 January 12, 2025 - January 23, 2025 Online $ 3000

Register Course..

________________________________________________________________________________________________

Objectives

This course will discuss:

  • The latest developments in the growing worldwide use of International Financial Reporting Standards (IFRS).
  • The latest IFRS, Exposure Drafts (ED) and the International Accounting Standards Committee Foundation (IASCF) Improvement Project.
  • Detailed practical examples on the implementation and application of accounting and financial reporting concepts.
  • Real world challenges to applying IFRS and strategies to overcome them.
  • Detailed analysis of IFRS 7 (Financial Instruments: Disclosures), IAS 32 (Financial Instruments: Presentation) and IAS 39 (Financial Instruments: Recognition And Measurement).

The Delegates

  • Chief Accountants.
  • Group Finance Directors.
  • Heads of Finance.
  • Finance Managers.
  • Financial Controllers.
  • Accountants.
  • Management Accountants.
  • Executive Directors of Finance.
  • Managers of Financial Accounts.
  • Heads of Accounting and Administration.
  • Finance and Information Systems Managers.
  • Financial Analysts.
  • Portfolio Managers.

The Contents

  • Introduction
    • International Accounting Standards Committee Foundation (IASCF) Constitution Proposal for Changes
    • The framework for the preparation and presentation of financial statements
    • Global convergence
  • IFRS 1 – First Time Adoption of IFRS :
    • Objective and scope
    • Exemptions and exceptions
    • Presentation and disclosure
  • Financial Statement Presentation (IAS 1, 7, 34; IFRS 2) :
    • Components of financial statements
    • Balance sheet classification issues
    • Non-current assets held for sale and discontinued operations
    • Income statement presentation
    • Statement of changes in equity
    • Cash flow statements
  • Measuring Financial Performance (IAS 8, 24, 33; IFRS 2, 5) :
    • Accounting policies, accounting estimates and errors
    • Earnings per share
    • Related party transactions
    • Share based payments
  • Business Combinations (IAS 36, 38; IFRS 5) :
    • Purchase method
    • Identifying the acquirer
    • Allocating the cost to net assets
    • Recognition and measurement of goodwill
    • Transitional provisions
  • Consolidations Including Foreign Currency Issues (IAS 21, 27, 28, 31) :
    • Determination of control and consolidation of subsidiaries
    • Accounting for associates
    • Accounting for joint ventures
    • Implementation guidance on IAS 27, 28 and 31
    • Functional currencies
    • Consolidating foreign subsidiaries
    • Foreign currency transactions
  • Segmental Reporting (IAS 14) :
    • Identifying reportable segments
    • Business and geographical segments
    • Meeting the 10% test
    • Presentation of segmented data
  • Revenue Recognition (IAS 11, 18) :
    • Recognition issues and the concept of substance over form
    • Measurement of revenue
    • Construction contracts
  • Tangible Assets (IAS 2, 16, 23, 36) :
    • Inventory methods
    • Lowering of cost and Net Realizable Value (NRV)
    • Manufacturing inventories
    • Accounting for property, plant and equipment including revaluations
    • Depreciation
    • Borrowing costs
  • Intangible Assets (IAS 36, 38; IFRS 3) :
    • Recognition criteria
    • Measurement issues
    • Internally developed intangible assets
    • Research and development costs
    • Intangible assets acquired in a business combination
    • Amortization versus impairment
  • Liabilities, Provisions and Contingencies (IAS 10, 12, 37) :
    • Recognition criteria for provisions and contingencies
    • Constructive and legal obligations
    • Discounting deferred payments
    • Onerous contracts
    • Post balance sheet events
    • Deferred tax provisions and assets
  • Employee Benefits (IAS 19) :
    • Types of retirement plans
    • Factors affecting pension plan assets and liabilities
    • Determining the defined benefit obligation
    • Actuarial gains and losses including amendments
    • Current and past service costs
  • Impact on Implementation Guidance – Questions and Answers Scope :
    • Debt and equity investments
    • Loans and receivables
    • Own debt
    • Cash and cash equivalents
    • Derivatives
    • Derivatives on subsidiaries, associates and joint ventures
    • Embedded derivatives
    • Loan commitments held for trading
    • Specific exemptions
  • Debt/Equity Classification :
    • Classification
    • Derivatives on own shares
  • Initial Recognition and Classification
    • Initial recognition
    • Classification
    • Reclassification of assets between categories
    • Embedded derivatives
  • De-Recognition :
    • De-recognition of financial assets
    • Consequences of de-recognition or failed de-recognition
    • Securitisation
    • De-recognition of financial liabilities
  • Subsequent Measurement, Fair Values and Impairment :
    • Subsequent measurement – financial issues
    • Subsequent measurement – financial liabilities
    • Amortized cost and effective interest method
    • Fair value
    • Impairment of financial assets
  • Hedge Accounting :
    • Criteria for hedge accounting
    • Categories of hedges
    • Hedge effectiveness/ineffectiveness
    • Discontinuing hedge accounting
  • Disclosures
    • Risk management policies and hedging activities
    • Terms, conditions and accounting policies
    • Interest rate risk

The Discount

10% in case of Three P. (or more)

2024-04-23T09:55:23+00:00