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IFRS Comprehensive Workshop - Bespoke Training

VantagePoint Training, Online (+1 locations)
Length
5 days
Next course start
Enquire to discuss your programme, dates, duration and cost. (+2 start dates)
Course delivery
In Company
Length
5 days
Next course start
Enquire to discuss your programme, dates, duration and cost. (+2 start dates)
Course delivery
In Company
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Course description

International Financial Reporting Standards (IFRSs) are the world’s most widely applied accounting standards. More than 150 countries now require or permit the use of IFRSs.

This five-day course provides a rigorous and detailed overview of all major technical IFRS requirements, and includes illustrative financial statements, case studies, examples, and interactive participation from the delegates.

This program answers questions such as:

  • How should IFRS recognition and measurement requirements be applied in practice?
  • What are the disclosure requirements of IFRSs and how can preparers ensure that they meet users’ needs?

Upcoming start dates

Choose between 2 start dates

Enquire to discuss your programme, dates, duration and cost.

  • In Company
  • United Kingdom
  • English

Enquire to discuss your programme, dates, duration and cost.

  • In Company
  • Online
  • English

Suitability - Who should attend?

  • Accountants in finance and reporting teams that prepare IFRS financialstatements
  • External and internal auditors
  • Financial and credit analysts who review financial statements.

Outcome / Qualification etc.

  • Apply the requirements of IFRSs to prepare compliant financial statements, including determining accounting policies and drafting requireddisclosures
  • Apply IFRS fair value measurement and impairment testingrequirements
  • Learn how to recognise and measure liabilitiesin accordance with relevant IFRSs
  • Implement the standards dealing with business combinations and the treatment of interests in other entitiesincluding associates and jointventures
  • Develop methods of presenting information clearly in IFRS financial statements

Training Course Content

Introduction to IFRSs

  • IFRS standard setting – the bodies and due process
  • Conceptual Framework
  • Fair value measurement (IFRS 13)

Content of IFRS Financial Statements

  • Presentation of financial statements (IAS 1)
  • Statement of cash flows (IAS 7)
  • Accounting policies, changes in accounting estimates and errors (IAS 8)
  • Discontinued operations (IFRS 5)
  • Events after the reporting period (IAS 10)
  • Operating segments (IFRS 8)
  • Interim financial reporting (IAS 34)

 Assets

  • Inventories (IAS 2)
  • Property, plant & equipment (IAS 16)
  • Borrowing costs (IAS 23)
  • Intangible assets (IAS 38)
  • Investment property (IAS 40)
  • Impairment of assets (IAS 36)

Liabilities

  • Leases (IFRS 16)
  • Employee benefits (IAS 19)
  • Provisions, contingent liabilities and contingent assets (IAS 37)

Financial Instruments

  • Presentation (IAS 32)
  • Recognition and Measurement (IFRS 9)
  • Disclosures (IFRS 7)

Income Taxes

  • Income taxes (IAS 12)

Revenue

  • Revenue from contracts with customers (IFRS 15)

Government Grants and Assistance

  • Accounting for government grants & disclosure of government assistance (IAS 20)

Foreign Currency Issues

  • Effects of changes in foreign exchange rates (IAS 21)

Business Combinations and Interests in Other Entities

  • Business combinations (IFRS 3)
  • Consolidated financial statements (IFRS 10)
  • Investments in associates and joint ventures (IAS 28)
  • Joint arrangements (IFRS 11)

Course delivery details

  • Group live instruction and illustrative examples
  • Description and explanation of IFRS technical requirements in clear and simple language
  • Use of case studies and real-world examples to illustrate practical application of theStandards
  • Interactive participation is encouraged
  • At VantagePoint, we have a policy to avoid unnecessary printing. All course materials will be provided in soft copy. The only printed materials will be those necessary for exercises in class.

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VantagePoint Training
12 Moorgate
EC2R 6DA London

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