📘 IFRS (International Financial Reporting Standards) Training Course

Overview

🧾 Course Description

This comprehensive training course provides a solid foundation in International Financial Reporting Standards (IFRS). It equips finance professionals with the knowledge to prepare, present, and interpret financial statements in compliance with IFRS. The course covers the structure and framework of IFRS, major standards, recent updates, and practical applications through real-world case studies.

🎯 Course Objectives

By the end of this course, participants will be able to:

Understand the structure and principles of IFRS
Apply key standards in the preparation of financial statements
Analyze and interpret IFRS-compliant financial reports
Implement recent updates and IFRS convergence strategies
Enhance internal reporting and global financial comparability

👥 Who Should Attend

Finance and Accounting Professionals
Auditors and Controllers
Financial Analysts
Corporate Treasurers
Internal Auditors
Regulators and Compliance Officers

🧠 Training Methodology

Instructor-led sessions
Real-life case studies and industry-specific examples
Group discussions and practical exercises
IFRS financial reporting simulations
End-of-day quizzes and recap sessions

📅 Detailed 5-Day Agenda with Time Breaks

📆 Day 1: Introduction to IFRS & Framework

Time	Topic
08:30–09:00	Registration and Welcome
09:00–10:30	Overview of IFRS and the IASB Framework
10:30–10:45	☕ Coffee Break
10:45–12:15	Conceptual Framework and Objectives of Financial Reporting
12:15–13:15	🍽️ Lunch
13:15–14:45	IFRS vs Local GAAP and IFRS Adoption Challenges
14:45–15:00	☕ Coffee Break
15:00–16:30	Presentation of Financial Statements (IAS 1)

📆 Day 2: Asset Accounting under IFRS

Time	Topic
08:30–10:00	Property, Plant & Equipment (IAS 16)
10:00–10:15	☕ Coffee Break
10:15–12:15	Investment Property (IAS 40) and Impairment (IAS 36)
12:15–13:15	🍽️ Lunch
13:15–14:45	Intangible Assets (IAS 38) and Capitalization Rules
14:45–15:00	☕ Coffee Break
15:00–16:30	Leases (IFRS 16) and ROU Asset Measurement

📆 Day 3: Revenue, Financial Instruments & Inventory

Time	Topic
08:30–10:00	Revenue Recognition (IFRS 15) – 5-Step Model
10:00–10:15	☕ Coffee Break
10:15–12:15	Financial Instruments (IFRS 9): Classification and Measurement
12:15–13:15	🍽️ Lunch
13:15–14:45	Hedge Accounting and Expected Credit Loss
14:45–15:00	☕ Coffee Break
15:00–16:30	Inventory Accounting and Valuation (IAS 2)

📆 Day 4: Liabilities, Provisions, and Employee Benefits

Time	Topic
08:30–10:00	Provisions, Contingent Liabilities (IAS 37)
10:00–10:15	☕ Coffee Break
10:15–12:15	Borrowing Costs (IAS 23) and Deferred Taxes (IAS 12)
12:15–13:15	🍽️ Lunch
13:15–14:45	Employee Benefits (IAS 19) and Pension Plans
14:45–15:00	☕ Coffee Break
15:00–16:30	Government Grants (IAS 20) and Related Disclosures

📆 Day 5: Consolidation, Disclosures & Updates

Time	Topic
08:30–10:00	Business Combinations (IFRS 3) and Group Accounts (IFRS 10, 11, 12)
10:00–10:15	☕ Coffee Break
10:15–12:15	Fair Value Measurement (IFRS 13) and Share-Based Payments
12:15–13:15	🍽️ Lunch
13:15–14:45	IFRS Disclosures, Notes & Annual Reports
14:45–15:00	☕ Coffee Break
15:00–16:30	IFRS Updates, Convergence Issues & Final Assessment

📂 Materials Provided

IFRS Training Manual
Digital Copy of IFRS Standards
Excel Templates for IFRS Adjustments
Sample IFRS-compliant Financial Statements
Certificate of Completion

Target audiences

Reservoir Engineers, Geologists

IFRS Training Course – International Financial Reporting

$ 5,800

Course Features