The convergence, globally, of International Financial Reporting Standards (IFRS) is gaining pace at a rapid rate, for the preparation of financial statements. This includes bot large corporates and the medium sized companies. Each year more and more countries are implementing IFRS.
DurationThe convergence, globally, of International Financial Reporting Standards (IFRS) is gaining pace at a rapid rate, for the preparation of financial statements. This includes bot large corporates and the medium sized companies. Each year more and more countries are implementing IFRS.
As a result of this acceptance of IFRS, more financial professionals are required to have a working knowledge of not only the fundamentals, but also the detailed workings. Further, the IFRS landscape is constantly changing and professionals are required to keep up to date.
This 3-day workshop will deliver update to date IFRS reporting requirements covering the standards in a practical, technical and commercial basis, with the inclusion of real life company challenges and use will be made of excel models to demonstrate many of the commercial concepts (these models will be provided as a take-away for participants).
The workshop will include the latest statements as well as projects which will be started on in the future.
On completion of the workshop, participants will be able to:
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The IASB’s standard, IFRS 15 is mandatory for periods beginning on or after 1 January 2018 with early application permitted.
The preparation of financial statements using IFRS is a challenge for a lot of practitioners, not least because it is a regime which many encounter relatively rarely in practice.
Managers and executives from the public sector, particularly those using or planning to use IPSAS and want to know acquire the tools needed to understand and apply the standards need to take this course.
International Financial Reporting Standard 9 (“IFRS 9”) is the accounting standard replacing IAS 39 Standard for financial instruments and defines the classification, measurements and impairment of financial instruments.
This course is designed to identify the importance of financial reporting in business and understand the framework of accounting and financial reporting standards. IFRS is the new global language of finance and accountancy.
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