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"Good technical information, keeps me up to date with the changing accounting profession.”

Nasser Al-Khelaiwi-Accounting Analyst, Saudi Aramco, KSA

Course Overview

Key Benefits:

  • Discover the latest developments in the growing worldwide use of IFRS
  • Explore detailed examples and learn how to implement and apply the latest accounting and financial reporting concepts
  • Understand the challenges of applying IFRS and strategies to overcome them

About This Course:

The International Accounting Standards Board (IASB) is continuing its drive to improve International Financial Reporting Standards (IFRS) previously known as International Accounting Standards (IAS). Their objective is to develop a single set of high quality, understandable and enforceable global accounting standards.

More than 100 countries around the world have now adopted (or are currently adapting to) IFRS. In the European Union, it is now mandatory for listed companies to apply IFRS to consolidated financial statements. Even if it is not legally binding to do so, many companies in the Middle East have decided to follow IFRS principles as part of their best practice procedures.

The correct adoption of IFRS promises organisations many benefits including enhanced investor confidence, greater consistency and transparency of financial reporting as well as the ability to compare financial information from companies around the world.

The course is designed to provide detailed knowledge of the application of the reporting requirements of International Financial Reporting Standards. It will provide technical details of each of the international standards as well as advice and practical illustrations of how to apply the standards. The course will be of particular benefit to those involved in the preparation and analysis of financial reports based on International Financial Reporting Standards. With international accounting standards being applied on a worldwide basis it will provide essential knowledge and understanding for the accountant operating in a global economy.

By completing this course you will:

  • Discover the latest developments in the growing worldwide use of International Financial Reporting Standards (IFRS)
  • Be able to use the Financial Instruments under IFRS 7, IAS 32 and 39
  • Know how to implement the latest IFRS Exposure Drafts (ED) and the International Accounting Standards Committee Foundation (IASCF) improvement project
  • Explore detailed practical examples on the implementation and application of accounting and financial reporting concepts
  • Understand the real world challenges when applying IFRS and discover strategies to overcome them
  • Understand IFRS 7 through detailed analysis of IFRS 7 (Financial Instruments: Disclosures), IAS 32 (Financial Instruments: Presentation) and IAS 39 (Financial Instruments: Recognition and Measurement)

Who Should Enrol?
This course is of particular benefit to those involved in the preparation and analysis of financial reports based on IFRS and for accountants operating in a global economy, including:

  • Chief Accountants
  • Group Finance Directors
  • Heads of Finance
  • Finance Managers
  • Financial Controllers
  • Accountants
  • Management Accountants
  • Executive Directors of Finance
  • Managers of Financial Accounts
  • Heads of Accounting and Administration
  • Finance and Information Systems Managers
  • Financial Analysts
  • Auditors
  • Portfolio Managers

See what delegates have said about this course:

“Very good and straight to the point!”
Omer Omar, Financial Controller, Sultan Center, Kuwait

“Good technical information, keeps me up to date with the changing accounting profession.”
Nasser Al-Khelaiwi, Accounting Analyst, Saudi Aramco, KSA

“Very good – it drives us to the changes of IAS and clears any misunderstanding.”
Ahmed Al-Refaei, Section Head of Treasury Operations, National Bank of Abu Dhabi, UAE


Important Information
Start Date: Week of 12 October 2008
Approximate End Date: Late December 2008
Each week you will receive one module of the course by courier. Each module provides a manageable instalment which will take between four and six hours of private study.