International Financial Reporting Standards (IFRS) are used by some of the largest companies in the world to prepare their financial statements and in over 120 countries at the time of writing. Corporate financial reporters need to know how to put these statements together and ensure that they are accurate, relevant and prepared in a timely manner. Users of IFRS based financial reports need to understand what those reports mean to help them to make sensible decisions.
All Standards coming under the IFRS banner are mandatory for IFRS adopters and this course takes you through the most up to date versions of those Standards: we will even include references, on demand, to those industry specific standards, insurance, rate regulation, exploration and agriculture. We will then provide the latest news and proposals on the key standards that are currently under review.
Course Objective
By the end of this course, delegates will be able to:
Apply the fundamental IFRS to their every day operations
Discuss the latest amendments to the IFRS and Interpretations
Explain general concepts of the standards presented during the course and their impact on the preparation of financial information under IFRS
Account for current transactions under IFRS
Apply requirements linked to the presentation of IFRS statutory and consolidated financial statements
Review and prepare specimen accounting policies and related footnote disclosures
Apply and discuss fair value measurements and financial statement recognition issues and presentation