The course includes the latest pronouncements, and participants are brought up to date on all topics. In addition, participants are provided with information to assist them in researching accounting issues and monitoring future changes. The course includes coverage of Standards with future applicability, Exposure Drafts and the IASB’sfuture plans, giving participants up-to-the-minute information and providing an ability to foresee how anticipated and published changes may affect their organisations.

• Understanding IFRS
• Key Balance Sheet Standards considered: -Fixed Assets, Current Assets, Liabilities, Provisions, share capital, Deferred Tax
• Key Income Statement Standards: Revenue Recognition, Share-Based Payments
• Other Areas- Group Accounting, Pension Accounting, Substance over form
• Technical standards – Financial Instruments
• Accounting Policies
• Cash Flow Statements
• Assets Held for Sale
• Leasing

At the end of the session, participants will be able to:

• Confidently prepare IFRS financial statements
• Differentiate between changes in estimates and changes in accounting policies
• Comply with IFRS disclosure requirements, including accounting policies
• Identify the optional and mandatory requirements for first-time adoption of IFRSs where applicable
• Understand the IFRS requirements for the recognition and measurement of assets, liabilities, revenues, expenses, gains and losses
• Calculate asset impairment using the ‘cash-generating units approach in accordance with IAS 36
• Differentiate between finance and operating leases
• Explain likely future IFRS changes, including prospects for convergence with major national accounting standards

This course is ideal for individuals at all levels within an organisation who need to have detailed knowledge of IFRSs. In essence, it is an opportunity to transfer a crucial new skillset to those responsible for making accounting decisions and preparing, reviewing or approving IFRS financial statements. The program is generic and does not focus on any one particular industry. All participants are expected to have an understanding of basic accounting principles based on any national standard