International Finance Reporting Standards (IFRS)

Learn about the IASB’s standards which have become mandatory for periods beginning on or after 1 January 2018 with early application permitted in this training.

Objectives:

• Scope of the new revenue recognition standard 
• Understand the required changes to the measurement of revenue Plan how to implement the transition
• Apply the five steps to recognize revenue
• Comply with the new accounting and disclosure requirements for leases
• Identify new presentation and disclosure requirements
• Analyze contracts to determine whether they contain leases
• Plan for the implications of the new accounting standards for leases – what it means for you
• Understand how IFRS 9 is developed and implemented in practice
• Apply the rules for initial and subsequent measurement by lessors and lessees
• See how the standard can be implemented in practice in a simplified and effective manner.
• Identify practical implementation issues together with solutions
• Better understanding of hedge accounting requirements

Note:

• The institute also provides online training as well as training at their venues in Abu Dhabi.
• All Online training are Virtual live training with the trainer on Zoom, Webex or Bluejeans platform.