Introduction:

Training course of the International financial reporting standards (IFRSs) , help increase and widen the participant’s necessary knowledge for today’s business and financial institutions, most multinational and international corporation applied IFRSs , therefore the more knowledge of IFRSs the more exposure to a greater chance for participants to build a successful career, the course provides the most recently issued standards and amendments to existing standards if any.

General objectives of the program:

To provide the recent IFRSs knowledge, and that participants will be updated and be able to apply and comply with the most recent version of the IFRSs.

Program directed to:

The targeted audience is: –

Financial Managers: those candidates who are seeking for updates and amendments to existing standards.

Accountants: All accountants

Topics: Training workshop on the Application of Some of the International Financial Reporting Standards (IFRSs).

First day:

Presentation of the financial statements, accounting for inventories and statement of cash flows.

• A brief introduction to IFRSs, IFRSs setters.
• IAS 1 Presentation of the financial statements
• IAS 2 Inventories
• IAS 7 Statement of Cash Flows
• Examples

Second day:

Accounting for Property, Plant and Equipment, accounting policies, changes in accounting estimates and errors, Events after Reporting Period.

• IAS 8 Accounting policies, changes in accounting estimates and errors
• IAS 10 Events after the Reporting period
• IAS 16 Property, Plant and Equipment
• Examples

Third day:

Investment property, Non-current Assets Held for Sale and Discontinued Operations, Borrowing Costs and Accounting for Government Grants and Disclosure of Government Assistance.

• IAS 40 Investment Property
• IAS 23 Borrowing Costs
• IAS 20 Accounting for Government Grant and Disclosure of Government Assistance
• IFRS 16 Leases
• Sale and lease-back transactions
• Examples

Fourth day:

Impairment of Assets and provisions, Contingent Liabilities and Contingent Assets.

• IAS 36 Impairment of Assets
• IAS 37 Provisions, contingent Liabilities, and Contingent Assets
• Examples

Fifth day:

Intangible Assets, Share-based Payment and Fair Value Measurement,

• IAS 38 Intangible Assets
• IFRS 2 Share-based Payment
• IFRS 15 Revenue from Contracts with Customers
• Examples