This International Financial Reporting Standards (IFRS) training course provides a comprehensive understanding of IFRS. Participants will not only enhance their knowledge but also refine their accounting skills, enabling them to accurately account for transactions and prepare financial statements in line with IFRS requirements. This ensures legal compliance and supports improved corporate governance practices.
The ENERGY training course will also cover the IFRS standards most applicable to your organization, tailoring the content to meet specific needs. As a result, participants will be equipped to apply their knowledge and skills for the benefit of their organization.
This International Financial Reporting Standards (IFRS) training course will cover:
- The role and scope of IFRS
- The rationale for adopting IFRS and the latest updates
- Key accounting concepts and policies
- The key IFRS requirements relevant to your organization
- The preparation and presentation of financial statements in accordance with IFRS
Upon completion of this Certificate in International Financial Reporting Standards (IFRS)training course, you will be able to:
- Implement accounting concepts and policies effectively
- Prepare income statements and balance sheets in alignment with IFRS standards
- Create and analyze cash flow statements based on IFRS guidelines
- Manage asset accounting in accordance with IFRS requirements
- Account for strategic partnerships and business mergers in compliance with IFRS
Participants to this ENERGY Training course in Certificate in International Financial Reporting Standards (IFRS) will receive a thorough training on the subjects covered by the training course outline with the Tutor utilising a variety of proven adult learning teaching and facilitation techniques. Training course methodology includes case studies relevant to your organisation, discussion, group work and interactive exercises and videos. These are designed to ensure delegates leave with transferable skills as well as up-to-date knowledge of international policies and procedures.
By enrolling employees in this ENERGY Training course in International Financial Reporting Standards (IFRS), the organization will benefit from:
- Gaining hands-on knowledge in applying IFRS principles
- Ensuring adherence to legal and regulatory standards
- Gaining insight into key accounting challenges within the industry
- Tailoring IFRS implementation to meet specific organizational requirements
- Enhancing corporate governance and minimizing potential risks
- Supporting more informed and effective financial decision-making
The Certificate in International Financial Reporting Standards (IFRS) training course will offer delegates:
- Enhanced skills and knowledge to advance their professional careers
- Access to the latest tools and techniques to support their role
- The ability to make more informed decisions that help minimize risk
- Strengthened decision-making capabilities, increasing their value to the organization
- Improved collaboration with other departments and colleagues on industry-related practices and challenges
- A deeper understanding of their role and the key issues impacting it
This ENERGY Training course Certificate in International Financial Reporting Standards (IFRS) is suitable to a wide range of professionals but will greatly benefit:
- Corporate Accountants
- Financial Controllers
- Treasury Officers
- Management Accountants
- Finance Staff in General Accounting, Payables, Receivables, Inventory, Fixed Assets, etc.
- External, Financial and Internal Auditors
- Government Regulators
- Financial and Investment Analysts
Day One: The Role & Scope of IFRS
- Establishing the case for IFRS
- International accounting diversity
- IFRS & US GAAP
- The role & scope of IFRS & IAS
- The IASB conceptual framework
- IFRS, accounting concepts & policies
Day Two: The Presentation & Preparation of Financial Statements
- The annual reports & financial statements
- IAS 1 presentation of financial statements
- Preparing the income statement
- Preparing the statement of financial position
- IAS & statement of cashflow
- Notes & disclosures
Day Three: Accounting for Cash Flow & Financial Instruments
- The importance of cash flow
- Preparing a statement of cash flows in accordance with IFRS 7
- Evaluating the cash flow
- What are financial instruments & derivatives?
- IFRS 7 financial instruments: Disclosur
Day Four: Accounting for Assets
- Tangible & intangible assets
- IAS 16: Property, plant and equipment and Depletion, Depreciation & Amortisation (DD&A)
- IAS 36: Impairment of assets
- IFRS 13 fair value measurement
- IAS 38: Intangible assets
- IAS 2 inventories
Day Five: Accounting for Strategic Alliances & Business Combinations
- Strategic alliances mergers & acquisitions
- Goodwill
- IFRS 3 business combinations
- IFRS 10: Consolidated financial statements
- IFRS 11: Joint arrangements
- IFRS 12: Disclosure of interests on other entities
