IFRS Accounting Principles Masterclass

This Accounting training looks in depth to the requirements of the IFRS, the Tax legislation and the South African companies Act, International Financial Reporting Standards. It further looks into the requirements of the Accounting conceptual framework, controls to ensure compliance with the companies act, Tax legislation and the accounting standards.

Delegates should have a basic background of accounting to understand the requirements of the standards and the legislative requirements. This Accounting Masterclass training course will look in more depth at practical application of IFRS, Tax and company act in many industry sectors.

This programme acts as an update and looks at recently released standards and tax legislation paragraphs and amendments that will impact in future periods. It has been specifically created for those in accounting, reporting and/or controlling area within accounting and finance.

Upon completing this course, all participants will improve their knowledge, understanding and analytical skills of IFRS, Tax legislation and the Companies Act with the following benefits:

• Understanding the newly issued standards, along with IASB projects, and how they will impact on the financial statements.
• Understanding how the income tax and value-added are accounted for in the financial statements including the effects of deferred tax.
• Understanding the companies act legislation to ensure compliance.
• Understand basic controls to ensure compliance with the standards and the legislative requirements.
• Understanding the practical implementation of the more complex standards.
• Understanding the disclosure and accounting requirements in financial reporting of a group of companies
• Understanding practical implications of using IFRS in specific industries.