IFRS Training & Exam Preparation (Certificate )

This is a detailed preparation program for IFRS. At the end of the program, students will receive a course completion certificate from the institute awarded by KHDA. Another certificate will be achieved after completion of exam from ACCA UK. 

Syllabus: 

1. The nature and operations of the IASB

• Structure of the IFRSF/IASB
• Extant standards of the IASB
• The framework

2. The status and use of IFRSs around the world

• The use of IFRS around the world
• The IASB roadmap
• The annual IASB bound volume and its use.

3. Presentation and profit

• IAS 1, Presentation of financial statements
• IFRS 15, Revenue from contracts with customers
• IAS 8, accounting policies, changes in accounting estimates and errors.

4. Accounting for assets and liabilities - Part 1

• IAS 16, Property, plant and equipment
• IAS 38, Intangible assets
• IAS 40, Investment Property
• IAS 36, Impairment of assets
• IAS 23, Borrowing costs
• IAS 20, Accounting for government grants and disclosure of government assistance
• IAS 2, Inventories
• IAS 17, Leases
• IFRS 5, Non-current assets held for sale and discontinued operations.

5. Accounting for assets and liabilities - part 2

• IFRS 13, Fair Value Measurement
• IFRS 32, Financial instruments - presentation
• IFRS 9, Financial instruments
• IFRS 7, Financial instruments: disclosures
• IFRS 2, Share-based payment
• IAS 37, Provisions, contingent liabilities and contingent assets
• IAS 10, Events after the reporting period
• IAS 19, Employee benefits
• IAS 12, Income taxes
• IAS 41, Agriculture
• IFRS 6, Exploration for and evaluation of mineral resources.

6. Group accounting

• IFRS 10, Consolidated Financial Statements
• IAS 27 (revised 2011), Separate financial statements
• IFRS 3, Business Combinations
• IAS 28 (revised 2011), Investments in associates and joint ventures
• IFRS 11, Joint arrangements
• IFRS 12, Disclosure of interests in other entities
• IAS 21, The effects of changes in foreign exchange rates
• IAS 29, Financial reporting in hyperinflationary economies.

7. Disclosure standards

• IAS 7, Statement of cash flows
• IAS 24, Related party disclosures
• IAS 33, Earnings per share
• IAS 34, Interim financial reporting
• IFRS 4, Insurance contracts
•  IFRS 1, First time adoption of IFRS
• IFRS 8, operating segments.

8. Principal differences between UK/US GAAP and IFRS

9. Proposals for change