IFRS Course

An IFRS (International Financial Reporting Standards) course is designed to provide participants with an understanding of the global accounting standards used in financial reporting.

The course covers the basic principles of IFRS, including the conceptual framework for financial reporting, the presentation of financial statements, and the recognition, measurement, and disclosure of assets, liabilities, and equity.

The course typically covers the key aspects of IFRS, including revenue recognition, financial instruments, leases, business combinations, and consolidation. It also covers the requirements for interim financial reporting and the IFRS for Small and Medium-sized Enterprises (SMEs).

Participants in an IFRS course can expect to learn about the latest developments and updates to the standards, as well as how to apply IFRS to real-world scenarios. The course may also provide opportunities for participants to engage in case studies and practical exercises to enhance their learning.

A typical IFRS (International Financial Reporting Standards) course outline may include the following topics:

• Introduction to IFRS: Overview of IFRS, its purpose, and how it differs from other accounting standards.
• Framework for financial reporting: The IFRS conceptual framework, including the objective of financial statements, the qualitative characteristics of useful financial information, and the elements of financial statements.
• Presentation of financial statements: The requirements for presenting financial statements under IFRS, including the format, content, and disclosures.
• Assets, liabilities, and equity: Recognition, measurement, and disclosure of assets, liabilities, and equity under IFRS, including impairment and fair value measurement.
• Revenue recognition: The IFRS principles for recognizing revenue, including the five-step model and specific industry guidance.
• Financial instruments: Recognition, measurement, and disclosure of financial instruments under IFRS, including classification, impairment, and hedge accounting.
• Leases: The IFRS requirements for recognizing and measuring leases, including the distinction between finance and operating leases.
• Business combinations and consolidation: Accounting for business combinations and consolidation under IFRS, including the acquisition method and non-controlling interests.
• Interim financial reporting: The requirements for interim financial reporting under IFRS, including the content and format of interim financial statements.
• IFRS for SMEs: Overview of the IFRS for Small and Medium-sized Enterprises (SMEs) and how it differs from full IFRS.

The course also includes case studies, practical examples, and interactive exercises to reinforce learning and test your understanding.