The British Academy for Training and Development offers a professional training course in International Financial Reporting Standards (IFRS). This course provided participants with an in-depth understanding of International Financial Reporting Standards (IFRS). In addition to improving their knowledge and experience, participants will be able to explain transactions, prepare financial statements in accordance with IFRS, and improve their accounting skills to ensure regulatory compliance and improved corporate governance.

Who should attend? 

• Corporate Accountants.
• Financial Managers, Treasurers, and Management Accountants.
• Treasurer for General Ledger, Accounts Payable, Accounts Receivable, Inventory, Fixed Assets, etc.
• External, Financial and Internal Auditors.
• Government Regulators.
• Financial and Investment Analyst.

How attendees will benefit? 

After completion of the course, delegates will understand: 

• Follow accounting concepts and guidelines.
• Preparation of income statement and balance sheet based on IFRS.
• Preparation and evaluation of cash flow statements.
• Accounting for assets under IFRS.
• Consider strategic alliances and business combinations under IFRS.

Role and scope of IFRS:

• Reason for IFRS.
• International accounting diversity.
• IFRS & US GAAP.
• Role and scope of IFRS and IAS.
• The IASB's Conceptual Framework.
• IFRS, accounting concepts and guidelines.

Presentation and Preparation of Annual Accounts:

• Annual reports and financial statements.
• IAS 1 Presentation of financial statements.
• Income statement preparation.
• Create a balance sheet
• IAS & cash flow statement.
• Notice and Disclosure.

Accounting for Cash Flows and Financial Instruments:

• Significance of Cash Flows.
• Preparing Cash Flow Statements in Compliance with IFRS 7.
• Valuation of Cash Flows.
• What are Financial Instruments and Derivatives?
• IFRS 7 Financial Instruments: Disclosures.
• IFRS 9 Financial Instruments.

Accounting for Assets:

• Property, Plant and Equipment and Intangible Assets Impairment.
• IFRS 13 Measurement Fair value.
• IAS 38: Intangible assets.
• IAS 2 Inventories.

Accounting for Strategic Alliances and Business Combinations:

• Strategic alliances, mergers and acquisitions.
• Goodwill.
• IFRS 3 Business combinations.
• IFRS 10 : Consolidated financial statements.
• IFRS 11: Joint arrangements.
• IFRS 12: Disclosure of interests in other entities.