IFRS in Practice: Applying International Financial Reporting Standards

About this course

Knowing the standards is one thing; applying them to real transactions is another. This six-day course focuses on the practical application of the main International Financial Reporting Standards for finance professionals who already prepare accounts.

Using worked examples and realistic cases, you will tackle revenue, leases, financial instruments, asset measurement, provisions, income taxes and group accounts, and learn which judgements and disclosures deserve the closest attention. You will finish better equipped to prepare IFRS-compliant statements and to discuss complex treatments with auditors and management.

What you'll learn

• Explain the structure of IFRS and the role of the Conceptual Framework
• Apply presentation requirements to a complete set of IFRS financial statements
• Account for revenue, leases and financial instruments under the relevant standards
• Apply measurement rules for property, plant and equipment, intangibles, impairment and fair value
• Account for provisions, employee benefits and income taxes
• Prepare basic consolidated financial statements
• Identify the judgements and disclosures that matter most to users and auditors

Curriculum

Who it's for

Experienced accountants, financial controllers and reporting specialists who apply IFRS in their daily work.

Before you start

• Experience preparing financial statements
• Completion of Intermediate Accounting or equivalent knowledge

Prepares for

Part of these Alalamia diplomas

• Alalamia Diploma in International Financial Reporting (IFRS and DipIFR Preparation)