Course Overview
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Course Timings
Registration will be at 07:30 on Day One and the course will commence at 08:00 and conclude at 14:30. There will
be a refreshment break at approximately 10:00 and 12.30. Lunch will be served at the end of each day..
Course Overview
IFRS is fast becoming the global accounting standard
across all industries. Like a stone dropped in a pond, the
ripples of IFRS implementation are now being felt in every
industry and every organisation around. Therefore, learning
to apply these standards properly is no more a luxury but is
a necessity for every accountant, auditor, financial analyst
and financial professional these days.
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. This course will ensure you are
fully aware of all the recent developments in international
accounting by offering complete information on how to
successfully implement IFRS in your organisation.
Course Outline
- Introduction
- IFRS 1: First Time Adoption Of IFRS
- Financial Statement Presentation (IAS 1, 7, 34; IFRS 2, 5)
- Measuring Financial Performance (IAS 8, 24, 33; IFRS 2)
- Business Combinations (IFRS 3)
- Consolidations IFRS 10 (IAS 27), IFRS 11 (IAS 31), IFRS 12, IAS
28 and IAS 21
- Operating Segments (IFRS 8)
- Revenue Recognition (IAS 11, 18)
- Tangible Assets (IAS 2, 16, 23, 36)
- Intangible Assets (IAS 38)
- Liabilities, Provisions And Contingencies (IAS 10, 12, 37)
- Employee Benefits (IAS 19)
- History Of Amendments To Financial Instruments
- Impact On Implementation Guidance
- Scope
- Debt/Equity Classification
- Initial Recognition And Classification
- De-Recognition
- Subsequent Measurement, Fair Values And Impairment Overview
- Hedge Accounting
- Disclosures
Note: Each session will incorporate reviews of practical
illustrations and examples plus interactive case study
analysis. Comparisons with US Generally Accepted
Accounting Principles (GAAP) and US GAAP will be
discussed where relevant.ant.