International Financial Reporting Standards (IFRS)

International Financial Reporting Standards (IFRS) is a set of accounting standards developed by an independent, not-for-profit organisation called the International Accounting Standards Board (IASB). IFRS is followed by, or being adopted by, more than 120 countries. All member states of the EU are required to use IFRS as adopted by the EU for listed companies since 2005. All other major economies have initiated a process to consider convergence or adoption of IFRS.

International Financial Reporting Standards (IFRS) will help build the knowledge needed for success in today’s global business world. Those who understand and apply IFRS will enjoy expanded career opportunities as its use is spreading around the world. This training course is designed to provide accounting and finance professionals with the training, knowledge and practical guidance needed to use IFRS and stay up-to-date with its standards and changes.

You may attend the IFRS training online or physical format as per your choice to earn certification.

The important features of the International Financial Reporting Standards (IFRS) training course are:

• Understanding financial statements
• Financial reporting
• Applying IFRS
• Accounting for current and non-current assets and liabilities
• Classifying investments
• Describing updates and amendments
• Assessing impact on financial accounts

• Describe the setting process in International Financial Reporting Standards (IFRS) and list the currently available standards
• Explain the most recent updates on existing IFRS and evaluate the effect of newly issued standards on their organization
• Determine the correct presentation and minimum disclosure for components of statements of financial position, statements of comprehensive income, statements of owners’ equity and statements of cash flows in accordance with IFRS
• Appraise and properly account for transactions affecting current assets and liabilities, non-current assets and liabilities, revenues and expenses in accordance with IFRS
• Apply professional judgment in applying IFRS for matters relating to non-recurrent business transactions

• Professionals in the fields of finance and accounting
• Accountants involved in the preparation of financial statements
• Professionals seeking to enhance knowledge from companies implementing IFRS as the standard of reporting

The International Financial Reporting Standards (IFRS) training course uses a mix of interactive techniques, such as brief presentations, application of theories and group exercises to exchange experience and apply knowledge acquired throughout the course.

Pre & Post course assessments will be used to measure the effectiveness of this training.