Applying IFRS

Description

This IFRS course demonstrates the key elements of IFRS. It defines the scope of financial reporting and its relevance to stakeholders.

By attending this course, you will understand how implementing IFRS has an impact on all aspects of an organization.

The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.

What you will learn

Overview of IFRS

• The need for IFRS
• The International Accounting Standards Board (IASB)
• The Conceptual Framework
• Overview of standards

Financial Reporting

• The objectives of financial reporting
• What has to be included in financial statements
• Understanding the treatment of income and costs
• Understanding the treatment of assets and liabilities

IFRS Implementation

• The transition to IFRS
• Financial analysis tools and techniques
• Relevance of corporate governance
• Future IFRS considerations

IFRS Implementation Review

• The first time adoption process as a project
• Gap Analysis – actual outcome v desired outcome
• Adopting changes in standards

Course Review

• Summary and recap of key learning objectives
• Action Planning